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BUSINESS EXPENSE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
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)
