what is a word that refers to expense such as a building
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building See more synonyms on Thesaurus.com. 1. Building, edifice, structure refer to something built. Building and structure may apply to either a finished or an unfinished product of construction, and carry no implications as to size or condition. Edifice is a more formal word and narrower in application, referring to a completed structure, and usually a large and imposing one. Building generally connotes a useful purpose (houses, schools, business offices, etc.); structure suggests the planning and constructive process.
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- \L\ ([e^]l), n. 1. An extension at right angles to the length of a main building, giving to the ground plan a form resembling the letter L; sometimes less properly applied to a narrower, or lower, extension in the direction of the length of the main building; a wing.
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Assets vs. Expenses: Learning the Difference Can Make You Rich An expense is money you may need to spend, but after a year, there is nothing lasting to show for it because the item gets consumed or is used up. Expenses include things like rent, food, utilities, clothes, office supplies and health insurance. How to Build Wealth Fast. To build wealth fast, spend your money on assets that maintain or grow their value. Go frugal on expenses and on assets that lose their value quickly. Many times it’s hard to tell the difference between an asset and an expense. The best example of an asset versus an expense is a mortgage versus rent. The amount of cash you spend on your mortgage or your rent can be the same.
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- The definition and application of 'expenses' in accounting - Foundation level. An expense in accounting is the money spent or cost incurred in an entity's efforts to. generate revenue. Expenses represent the cost of doing business where doing. business is the sum total of the activities directed towards making a profit. 'Expenses' in accounting. Background to 'expenses' in accounting.
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Overhead (business) For the computing term, see Overhead (computing) . In business, overhead or overhead expense refers to an ongoing expense of operating a business; it is also known as an operating expense. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular cost unit.Such expenses are incurred for output generally and not for particular work order e.g., wages paid to watch and ward staff, heating and lighting expenses of factory etc.verhead expenses are all costs on the income statement except for direct labour, direct materials, and direct expenses. Overhead expenses include accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities.
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- But it is not the same thing as Extra Expense coverage. (Photo: iStock) The term “Extra Expense” is often misused in the context of a Commercial Property claim. More importantly, Extra Expense is often improperly estimated and accounted for when placing coverage. A complete understanding of Extra Expense may eliminate unnecessary premiums.
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- Word usage and definitions.BUILDING HEIGHT-The vertical distance measured from the mean finished grade of all sides of the building or structures to the highest point of the roof for flat roofs, to the deck line for mansard roofs and to the mean height between eaves and ridge for gable, hip and gambrel roofs.
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- In common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture or an automobile is often referred to as an expense. An expense is a cost that is paid or remitted, usually in exchange for something of value.
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2015 Lamborghini HuracÃ¡n LP610-4 is a ray of light streaking across the horizon Each mode feels distinctly different, and that’s a very good thing. Make no mistake, you can feel the 610-horsepower engine propel you through turns in Strada mode, but switch to “Corsa,”and you’ll suddenly know what kind of beast you’re dealing with.
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What Is an Expenditure in Accounting Terms? Expenditures can also reduce liabilities or be disbursed to owners. They can... In accounting, the word expenditure is used to indicate a cost that a company pays to acquire equipment or other assets.
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What is 'Capital Expenditure (CAPEX)' In terms of accounting, an expense is considered to be a capital expenditure when the asset is a newly purchased capital asset or an investment that improves the useful life of an existing capital asset. If an expense is a capital expenditure, it needs to be capitalized.
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Overhead (business) The term overhead is usually used when grouping expenses that are necessary to the continued functioning of the business but cannot be immediately associated with the products or services being offered (i.e., do not directly generate profits).verhead expenses are all costs on the income statement except for direct labour, direct materials, and direct expenses. Overhead expenses include accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities.
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construction loan Finance. a long-term real-estate mortgage arranged for a building the construction of which is financed by an interim short-term loan (construction loan) 6. Cards. Bridge. a bid in a suit or denomination different from the one bid by one's partner. Poker. the minimum with which a player can begin.
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- This word is often used when talking about buying/ selling houses or other buildings and land. premises [pl.] the building or buildings and surrounding land that a business owns or uses: The company is looking for larger premises. complex a group of buildings of a similar type together in one place: a leisure complex structure a thing that is made of several parts, especially a building: The pier is a wooden structure. block (British English) a tall building that contains flats or offices; a ...
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What is 'Capital Expenditure (CAPEX)' BREAKING DOWN 'Capital Expenditure (CAPEX)'. In terms of accounting, an expense is considered to be a capital expenditure when the asset is a newly purchased capital asset or an investment that improves the useful life of an existing capital asset.
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expense 2a : something expended to secure a benefit or bring about a resultb : financial burden or outlay : cost built the monument at their own expensec : an item of business outlay chargeable against revenue for a specific period. 3 : a cause or occasion of expenditure an estate is a great expense.
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Occupancy cost Occupancy cost. Occupancy costs are the whole life costs of buildings and their associated land from occupancy until disposal. These costs may be incurred on a regular or irregular basis. Occupancy costs are those costs related to occupying a space including; rent, real estate taxes, personal property taxes, insurance on building and contents, depreciation, and amortization expenses. These are generally higher in new entrants to a market due to the escalating real estate prices.
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Expense Something that seems to cost little is inexpensive. Expenses of the table are expenses of dining, refreshments, a feast, etc. In accounting, expense has a very specific meaning. It is an outflow of cash or other valuable assets from a person or company to another person or company.This outflow of cash is generally one side of a trade for products or services that have equal or better current or future value to the buyer than to the seller.xpenses redirects here. For the row about members' expenses in the UK Parliament which started about May 2009, see United Kingdom Parliamentary expenses scandal. In common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs.
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2.7 General Ledger Accounts - Balance Sheet Accounts Buildings and Building Improvements. Building Definition. A building is a structure that is permanently attached to the land, has a roof, is partially or completely enclosed by walls and is not intended to be transportable or moveable.
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- Capex redirects here. For other uses, see Capex (disambiguation). Capital expenditure or capital expense (CAPEX) is an expense where the benefit continues over a long period, rather than being exhausted in a short period. Such expenditure is of a non-recurring nature and results in acquisition of permanent assets.
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expenses definition Expenses associated with the main activity of the business are referred to as operating expenses. Expenses associated with a peripheral activity are nonoperating or other expenses. For example, a retailer's interest expense is a nonoperating expense. A bank's interest expense is an operating expense. Generally, expenses are debited to a specific expense account and the normal balance of an expense account is a debit balance.
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- Capital expenditure or capital expense (CAPEX) is an expense where the benefit continues over a long period, rather than being exhausted in a short period. Such expenditure is of a non-recurring nature and results in acquisition of permanent assets. It is thus distinct from a recurring expense. 1 Usage.
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- Occupancy. Occupancy in building construction and building codes is the use or intended use of a building or part thereof for the shelter or support of persons, animals or property. A closely related meaning is the number of units in such a building that are rented or leased, or otherwise in-use.ccupancy in building construction and building codes is the use or intended use of a building or part thereof for the shelter or support of persons, animals or property.
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- Full Definition of EXPENSE. 1. archaic: the act or an instance of expending: expenditure. 2. a: something expended to secure a benefit or bring about a result c: an item of business outlay chargeable against revenue for a specific period.3.4. See expense defined for English-language learners.ull Definition of EXPENSE. 1. archaic: the act or an instance of expending: expenditure. 2. a: something expended to secure a benefit or bring about a result c: an item of business outlay chargeable against revenue for a specific period. 3. 4. See expense defined for English-language learners.
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- Closing costs If land is purchased as a building site, certain expenses may also be capitalized: Razing and removal Land improvements Site improvements Landscaping associated with new construction Buildings The following costs related to the acquisition, construction, or improvement of a building should be capitalized in the fiscal year incurred. See below for definition of building improvements. Acquisition costs include:
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What Is SG&A; in Accounting? The costs incurred to operate a facility are SG&A expenses. They might include rent, utilities and building insurance. Repairs and maintenance made to buildings, plant machinery and office equipment are classified as SG&A expenses, along with the depreciation of these assets.