Define: Sunk Costs

UK Accounting Glossary

Definition: Sunk Costs


Quick Summary of Sunk Costs


Money that has already been spent and cannot be recovered.



What is the dictionary definition of Sunk Costs?

Dictionary Definition



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Full Definition of Sunk Costs



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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.


Sunk Costs FAQ's



Cite Term


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https://payrollheaven.com/define/sunk-costs/
Modern Language Association (MLA):
Sunk Costs. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 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: September 17, 2019).
American Psychological Association (APA):
Sunk Costs. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/sunk-costs/

Definition Sources


Definitions for Sunk Costs are sourced/syndicated from:


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