Definition, Meaning & Synonyms
approximate-cost
Noun
/əˈprɒk.sɪ.mət kɔːst/
Definition
The estimated price of a product or service that may not be exact.
Examples
- When planning the event, we made an approximate cost of $500.
- The contractor provided an approximate cost for the renovations.
- It’s important to understand the approximate costs before making a decision.
Meaning
Approximate cost refers to a rough calculation of how much something will cost, often used in budgeting and planning.
Synonyms
- estimated cost
- rough estimate
- preliminary cost
- forecasted expense
