BUSINESS EXPENSE

Pronunciation (US): (GB):

Meaning:

Ordinary and necessary expenses incurred in a taxpayer's business or trade

Synonyms:

business expense; trade expense

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("business expense" is a kind of...):

disbursal; disbursement; expense (amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures))

Hyponyms (each of the following is a kind of "business expense"):

organization expense (the cost (over a period of five years) of organizing a new corporation or partnership)

promotional expense (the cost of promoting a product)