Legal Definitions - expenditure

An expenditure refers to the act of spending money or the specific amount of money that has been spent. It represents a payment made by an individual, organization, or government for goods, services, or other obligations.

Here are some examples to illustrate the concept of an expenditure:

• Imagine a small business owner who pays their monthly rent for their office space. This rent payment is an expenditure for the business. It represents a sum of money paid out to cover an operational cost, which is essential for the business to continue operating.

• Consider a local government that allocates funds to repair potholes on city streets. The money spent on purchasing asphalt, hiring construction crews, and renting equipment for this project constitutes an expenditure. This illustrates the act of paying out public funds for a specific service or improvement.

• When an individual purchases a new smartphone, the total cost they pay for the device is an expenditure. This payment is a sum of money disbursed by the individual in exchange for a product, demonstrating a personal outlay of funds.