UK Accounting Glossary
An unexpired cost is any cost that has not yet been charged to expense because it still represents some residual value.
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.
The unused part of the economic benefit of an expenditure that remains as an asset for future use.
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This glossary post was last updated: 5th May 2019.