Etymology
The word "expense" comes from the Old French word "espense," which in turn derives from the Latin word "expensum," meaning "a laying out or expenditure."
Meaning
Expense refers to a payment or cost incurred, typically for the purpose of maintaining or improving something. It can be used in the context of personal finances, business operations, or government budgets.
Origin
The concept of expense has been around for centuries, dating back to ancient civilizations. In early societies, expenses were primarily related to basic necessities such as food, shelter, and clothing. As civilizations advanced and economies grew more complex, the types of expenses expanded to include a wide range of items and services.
The idea of tracking and managing expenses has also been important throughout history. Merchants and traders kept records of their expenses to monitor their financial standing. Governments used expense accounts to budget and allocate resources.
In modern times, the concept of expense has taken on even greater significance, particularly in the context of business and finance. Businesses carefully track and manage expenses to ensure profitability and make informed decisions. Governments rely on expense accounts to allocate public funds effectively.
Usage
The word "expense" is commonly used in the following contexts:
Examples
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