Words / E / Business

expense

verb

B1CEFR level
25/100Rarity: fairly common
TechnicalRegister

To record a cost immediately against profit in the period rather than capitalising it as an asset.

Items under the threshold we simply expense in the year we buy them.

Similar: write off

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting