Cost
/kɒst/
Definitions
- (n.) The price paid to acquire, produce, or maintain something.
The cost of the contract exceeded initial estimates.
- (v.) To require the payment of a specified amount as price.
The repairs cost more than expected.
Forms
- costs
- costing
- costed
Related terms
See also
Commentary
In legal contexts, 'cost' often refers to expenses legally recoverable, distinct from damages.
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.