Simple English definitions for legal terms
Read a random definition: daysman
Cost: The amount of money you have to pay for something. It can include the price of the item and any other expenses related to it, like shipping or advertising. Some costs are fixed, meaning they stay the same no matter how much you buy, while others are variable and change depending on how much you buy. Once you pay a cost, you can't get that money back, even if you don't end up using the item or service you paid for.
Cost refers to the amount of money paid or charged for something, including expenses and prices. It can also refer to the expenditure of resources, such as time and effort, to produce or acquire something.
These examples illustrate how cost can refer to different types of expenses and expenditures, including those related to production, acquisition, and litigation. They also show how cost can be influenced by various factors, such as output, business activity, and alternative investments.