"Cost" and "expense" are two terms for describing the same concept.

Name: "Cost" and "expense" are two terms for describing the same concept.
Brand: Quizplus
Rating: 4.7 (39 reviews)

Question

Quizplus · Accepted Answer

While both terms refer to the amount of money required for a particular action or item, "cost" usually refers to the amount that someone pays upfront for something, while "expense" refers to the ongoing costs associated with owning or using that thing. Therefore, the terms are not always interchangeable.

"Cost" and "Expense" Are Two Terms for Describing the Same