Define: Unexpired Cost

UK Accounting Glossary

Definition: Unexpired Cost

Quick Summary of Unexpired Cost

An unexpired cost is any cost that has not yet been charged to expense because it still represents some residual value.

What is the dictionary definition of Unexpired Cost?

Dictionary Definition

The balance of an item of expenditure, recorded in the books of account of an organisation, that has not been written off to the profit and loss account.

For example: the net book value (NBV) of an asset represents the unexpired cost of that asset.


Full Definition of Unexpired Cost

The unused part of the economic benefit of an expenditure that remains as an asset for future use.


Unexpired Cost FAQ's

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
Modern Language Association (MLA):
Unexpired Cost. Payroll & Accounting Heaven Ltd. September 20, 2019
Chicago Manual of Style (CMS):
Unexpired Cost. Payroll & Accounting Heaven Ltd. (accessed: September 20, 2019).
American Psychological Association (APA):
Unexpired Cost. Retrieved September 20, 2019, from website:

Definition Sources

Definitions for Unexpired Cost are sourced/syndicated from:

This glossary post was last updated: 5th May 2019.