Define: Sunk Costs

UK Accounting Glossary

Definition: Sunk Costs


Quick Summary of Sunk Costs


Money that has already been spent and cannot be recovered.



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Examples of Sunk Costs in a sentence


The cost of their time is a sunk cost.
Economists refer to this as a sunk cost.
The original cost is historical and can therefore be considered to be an irrelevant sunk cost.



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https://payrollheaven.com/define/sunk-costs/
Modern Language Association (MLA):
Sunk Costs. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/sunk-costs/.
Chicago Manual of Style (CMS):
Sunk Costs. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/sunk-costs/ (accessed: February 28, 2020).
American Psychological Association (APA):
Sunk Costs. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/sunk-costs/

Definition Sources


Definitions for Sunk Costs are sourced/syndicated and enhanced from:

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

This glossary post was last updated: 28th December 2018.