English Lexicon

Costing

/ˈkɒstɪŋ/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The process of determining the costs associated with a particular project or activity.

    "The costing of the new project revealed that it would exceed the initial budget."
  2. 2

    An estimate of the expenses involved in producing a product or service.

    "The costing for the new software development was completed last week."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'costing' originates from the Middle English word 'coste', derived from the Old French 'coste', which in turn comes from the Latin 'costa', meaning 'rib' or 'side', referring to the expense incurred in the production of goods. Over time, the meaning evolved to encompass the broader concept of calculating expenses in business contexts.

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