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.


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. February 28, 2020
Chicago Manual of Style (CMS):
Unexpired Cost. Payroll & Accounting Heaven Ltd. (accessed: February 28, 2020).
American Psychological Association (APA):
Unexpired Cost. Retrieved February 28, 2020, from website:

Definition Sources

Definitions for Unexpired Cost 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: 5th May 2019.