An expense for revenue in a period of time when benefits are also received. If a business gets all benefits from a cost it is an expired cost.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An expense for revenue in a period of time when benefits are also received. If a business gets all benefits from a cost it is an expired cost.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.