Etymology:
Meaning:
An expense is a cost incurred by an individual or organization in exchange for goods or services.
Origin:
The concept of expenses has been around for centuries, as long as humans have been engaging in trade and commerce. In ancient times, expenses were typically recorded on clay tablets or papyrus scrolls.
In the Middle Ages, the term "expense" was used to describe the costs associated with maintaining a household or running a business. These expenses could include food, clothing, shelter, and wages for servants.
In the 16th century, the term "expense" began to be used in a more general sense, to refer to any type of cost incurred by an individual or organization. This usage is still common today.
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