Expenses
/ɪkˈspɛnsɪz/
Definitions
- (n.) Costs incurred or charges expended in the course of legal proceedings or business operations.
The plaintiff sought reimbursement for all reasonable expenses related to the lawsuit.
- (n.) Monetary disbursements or expenditures necessary for the performance of contractual obligations or fiduciary duties.
The trustee was authorized to cover expenses incurred while managing the estate.
Related terms
See also
Commentary
In legal drafting, clearly distinguishing ‘expenses’ from related terms like ‘costs’ or ‘damages’ is essential to avoid ambiguity in financial obligations or recovery clauses.
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.