Definition, Meaning & Synonyms

financial cost

noun

fuh-nan-shuhl kawst

Definition

Financial cost refers to the total amount of money that must be spent to acquire goods, services, or investments, including both direct and indirect expenses.

Examples

The financial cost of starting a business can be significant, including rent, supplies, and salaries.
When planning your budget, it’s crucial to consider the financial costs of each project you undertake.

Meaning

The financial impact of an action or decision in terms of money involved. It encompasses not only the initial expenditure but also ongoing costs associated with maintaining or operating an investment, product, or service.