Compliance Costs
/kəmˈplaɪəns kɒsts/
Definitions
- (n.) Expenses incurred by organizations or individuals to adhere to laws, regulations, and standards.
The company increased its budget to manage rising compliance costs associated with new environmental laws.
Forms
- compliance costs
- compliance cost
Related terms
See also
Commentary
Compliance costs often include direct expenses such as hiring legal counsel and indirect costs like operational delays; clear drafting should specify which costs the term encompasses.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.