noun | ex·pense
: financial burden or outlay; specifically : an item of business outlay chargeable against revenue for a specific period : an item of business outlay chargeable against revenue for a specific period
— business expense
: an expense made in furtherance of one's business especially as part of the cost of operating a business in the taxable year in which the expense is incurred — compare capital expense and personal expense in this entry Note: Business expenses are generally tax deductible in the year the expense is incurred.
— capital expense
: an expense made in a business that will provide a long-term benefit : capital expenditure Note: Capital expenses are not tax deductible as business expenses but may be used for depreciation or amortization.
— moving expense
: an expense incurred in changing one's residence that is tax deductible if incurred for business reasons (as when one's job requires relocation)
— ordinary and necessary expense
: an expense that is normal or customary and helpful and appropriate for the operation of a particular business or trade and that is made during the taxable year — called also ordinary and necessary business expense Note: Ordinary and necessary expenses are tax deductible.
— personal expense
: an expense incurred in the course of one's personal affairs as distinguished from the course of one's employment or the operation of a business — compare business expense in this entry Note: Personal expenses are usually not tax deductible.
: to charge with expenses
: to write off as an expense