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That which is given in exchange for something else; cost.
[L. expendo, to pay out]
References in periodicals archive ?
The recurring expenses -- latent share losses, insurance payouts, and money transfers to reserves for future payouts -- for the latest fiscal half also fell.
Currently, the Council on Economic and Fiscal Policy, led by Prime Minister Junichiro Koizumi, is considering cutting annual recurring expenses of the central government in connection with the huge annual allocations of national government revenues to local governments.
The IRS denied the deduction on the grounds that only recurring expenses are deductible, based on revenue ruling 86-142.