Definition, Meaning & Synonyms
upfront-cost
noun
ˈʌpˌfrʌnt kɔst
Definition
The initial expenditure required to start a project or purchase an item, usually paid before the work begins or the item is received.
Examples
- When buying a house, the upfront costs include the down payment and closing fees.
- Many small businesses struggle with upfront costs when trying to launch new products.
Meaning
Upfront cost refers to the money that must be spent at the beginning of a project or investment, as opposed to ongoing costs that accrue over time.
Synonyms
- initial cost
- startup cost
- preliminary expense
