Definition, Meaning & Synonyms
costly-mistake
noun
/ˈkɔːstli mɪˈsteɪk/
Definition
A significant error that results in a large financial loss, damage, or negative consequences.
Examples
- Investing in that failing startup turned out to be a costly mistake for many investors.
- Forgetting to backup his work proved to be a costly mistake, as he lost hours of research.
- Her decision to ignore the warning signs was a costly mistake in hindsight.
Meaning
A costly mistake refers to an error or decision that incurs a great expense, either in terms of money or resources, and often leads to regret or substantial repercussions.
Synonyms
- expensive error
- financial blunder
- major misstep
