Luxury

Business, Legal & Accounting Glossary

Definition: Luxury


Luxury


Full Definition of Luxury


A good or service that is not considered a necessity but is considered as something that brings pleasure or happiness. For example, an individual might purchase an expensive automobile because of the status and comfort that it will bring, though a used car would suffice for traveling purposes.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/luxury/
Modern Language Association (MLA):
Luxury. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/luxury/.
Chicago Manual of Style (CMS):
Luxury. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/luxury/ (accessed: April 19, 2024).
American Psychological Association (APA):
Luxury. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/luxury/

Definition Sources


Definitions for Luxury are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.