Expenses Law and Legal Definition
The term expenses include all operating, overhead and production costs incurred in producing gross revenue. In business accounting and business taxation, expenses include any current cost of operation, such as rent, utilities, and payroll, as distinguished from capital expenditure for long-term property and equipment.
Legal Definition list
Related Legal Terms
- Administration Expenses [Probate]
- Allowable Medical Expenses
- Architectural and Transportation Barrier Removal Expenses [Internal Revenue]
- Capital Expenses [Education]
- Child Care Expenses
- Eligible Expenses (Health Care)
- Expenses [Education]
- Export Promotion Expenses
- Fees and Other Expenses [Education]
- Fixed and Variable Expenses
