Definition, Meaning & Synonyms
initial-cost
noun
/ɪˈnɪʃ.əl kɒst/
Definition
The upfront amount of money required to start a project or investment.
Examples
- Before launching the new product, the company carefully calculated the initial cost to ensure profitability.
- The initial cost of building a home can vary significantly based on location and design.
Meaning
Initial cost refers to the expenses incurred before the project begins, including setup, materials, and other starting costs.
Synonyms
- upfront cost
- start-up cost
- preliminary expense
