cost control definition, cost control meaning | English dictionary

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cost

  

      n  
1    the price paid or required for acquiring, producing, or maintaining something, usually measured in money, time, or energy; expense or expenditure; outlay  
2    suffering or sacrifice; loss; penalty  
count the cost to your health, I know to my cost     
3   
a    the amount paid for a commodity by its seller  
to sell at cost     
b    (as modifier)  
the cost price     
4    pl     (Law)   the expenses of judicial proceedings  
5    at any cost or at all costs   regardless of cost or sacrifice involved  
6    at the cost of   at the expense of losing  
      vb   , costs, costing, cost  
7    tr   to be obtained or obtainable in exchange for (money or something equivalent); be priced at  
the ride cost one pound     
8    to cause or require the expenditure, loss, or sacrifice (of)  
the accident cost him dearly     
9    to estimate the cost of (a product, process, etc.) for the purposes of pricing, budgeting, control, etc.  
     (C13: from Old French (n), from coster to cost, from Latin constare to stand at, cost, from stare to stand)  
  costless      adj  


cost accounting  
      n   the recording and controlling of all the expenditures of an enterprise in order to facilitate control of separate activities,   (Also called)    management accounting  
  cost accountant      n  
cost-benefit  
      adj   denoting or relating to a method of assessing a project that takes into account its costs and its benefits to society as well as the revenue it generates  
a cost-benefit analysis, the project was assessed on a cost-benefit basis     
cost centre  
      n   a unit, such as a department of a company, to which costs may be allocated for cost accounting purposes  
cost-effective  
      adj   providing adequate financial return in relation to outlay  
  cost-effectiveness      n  
cost of living  
      n  
1   
a    the basic cost of the food, clothing, shelter, and fuel necessary to maintain life, esp. at a standard regarded as basic or minimal  
b    (as modifier)  
the cost-of-living index     
2    the average expenditure of a person or family in a given period  
cost-plus  
      n  
a    a method of establishing a selling price in which an agreed percentage is added to the cost price to cover profit  
b    (as modifier)  
cost-plus pricing     
cost-push inflation  
      n      See       inflation  
cost rent  
      n   (in Britain) the rent of a dwelling calculated on the cost of providing and maintaining the property without allowing for a profit  
current-cost accounting  
      n   a method of accounting that values assets at their current replacement cost rather than their original cost. It is often used in times of high inflation  
   Compare       historical-cost accounting  
factor cost  
      n   (in social accounting) valuation of goods and services at their overall commercial cost, including markups but excluding indirect taxes and subsidies  
historical-cost accounting  
      n   a method of accounting that values assets at the original cost. In times of high inflation profits can be overstated  
   Compare       current-cost accounting  
opportunity cost  
      n     (Economics)   the benefit that could have been gained from an alternative use of the same resource  
pound cost averaging  
      n     (Stock Exchange)   a method of accumulating capital by investing a fixed sum in a particular security at regular intervals, in order to achieve an average purchase price below the arithmetic average of the market prices on the purchase dates  
prime cost  
      n   the portion of the cost of a commodity that varies directly with the amount of it produced, principally comprising materials and labour,   (Also called)    variable cost      Compare       overheads  
standard cost  
      n     (Accounting)   the predetermined budgeted cost of a regular manufacturing process against which actual costs are compared  
unit cost  
      n   the actual cost of producing one article  
variable cost  
      n   a cost that varies directly with output  
English Collins Dictionary - English Definition & Thesaurus  
Collaborative Dictionary     English Definition
exp.
be very expensive; cost a lot
n.
dispatcher in EMS Control Center
n.
1 Writen Rule Legislation 2 Stabilization control
Care!!! Double meaning giving mistraductions
exp.
go crazy; get angry; lose self-control
E.g.: I will lose it if we keep listening to this song.
v.
[subj: poiicemen] to herd [demonstrators] into a compact group in order to control their movements
exp.
it's said for determining someone to calm down, be patient, control his/her reactions
prep.
Actual hold (complete or partial control) of digital assets with or without lawful title
[Tech.];[Leg.] hold of digital assets in cyberspace
n.
distributed control system; a control system for a process or plant, wherein control elements are distributed throughout the system
chemical plants, petrochemical (oil) and refineries, boiler controls and power plant systems, nuclear power plants, environmental control systems etc.

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"Collins English Dictionary 5th Edition first published in 2000 © HarperCollins Publishers 1979, 1986, 1991, 1994, 1998, 2000 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"