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Expense (1)
EXPENSE (1)

Definitions:

i. The money that you spend on something.

ii. Cost in terms of money.

iii. Cost in terms of anything else paid or sacrificed to achieve an end.

iv. (Plural) Money paid out in running a business or household, doing a job etc.
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* All eight elements should be in.


1. Purposeful and necessary, not needless.

2. Specific. That is, truly incurred.

3. Fully owned, not borrowed.

4. Fully or completely paid – unless agreement provided for payments by installments.

5. Bearable. That is, its settlement does/did not cripple the payer.

6. Timely to avoid inflationary costs, exchange rate fluctuations (if applicable), etc.
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See perfect COST (3).
Below the Line
1. Considered as reasonable or realistic by the party bearing the expense.

2. Serves purpose(s), as exactly paid for.
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... TRULY WORTHWHILE.

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