Definition, Meaning & Synonyms
steep-cost
Adjective
/stiːp kɔːst/
Definition
A steep cost refers to a very high or excessive price or expenditure for something.
Examples
- The steep cost of living in the city has forced many residents to look for cheaper housing options.
- Investing in renewable energy has a steep cost at the outset, but the long-term savings are significant.
Meaning
The term is used to describe situations or objects where the financial implications are significantly higher than expected or considered reasonable.
Synonyms
- High price
- Exorbitant cost
- Excessive charge
- Outrageous expense
