Cost

/kɒst/

nounBeginner🔥Very CommonFinance
3 meanings3 idioms/phrases3 questions

Definitions

3 meanings
1

The expense or price of something.

/kɒst/

nounneutralBeginner
Finance

The amount paid or required to be paid for something.

The cost of the trip was surprisingly low.

💡 Simply: Imagine you're buying a toy. The 'cost' is how much money you need to give the store to get it. It’s the same for anything - from a candy bar to a new car!

👶 For kids: The amount of money you have to pay to get something.

More Examples

2

We need to consider the cost of materials before starting the project.

3

What's the cost of a gallon of gas these days?

How It's Used

Business

"The total cost of the project was higher than anticipated."

Economics

"The cost of living has increased significantly in recent years."

2

To be priced at a certain amount.

/kɒst/

verbneutralBeginner
Finance

To require the payment of (a specified sum) before it can be obtained or done.

The new car will cost a lot of money.

💡 Simply: Imagine you want to buy a cool t-shirt. The shirt 'costs' $20, meaning you need to pay $20 to get it. It’s all about what you have to pay to own something!

👶 For kids: To need a certain amount of money to buy something.

More Examples

2

How much will it cost to repair the roof?

3

This book costs $10.

How It's Used

Business

"The new software will cost a significant amount."

Personal Finance

"Renovating the house will cost a fortune."

Tip:Relate it to paying a certain amount of money.
3

To involve the loss or sacrifice of something valuable.

/kɒst/

verbnegativeIntermediate
Action

To cause (someone) to lose something valuable, such as a life, an opportunity, or a relationship.

The accident cost him his leg.

💡 Simply: Imagine playing a game and making a mistake. Your mistake might 'cost' you points or even the game itself. It means something bad happens because of an action.

👶 For kids: To make someone lose something important.

More Examples

2

Her dishonesty cost her her job.

3

Ignoring the warnings could cost us dearly.

How It's Used

War

"The war cost many lives."

Relationships

"His arrogance cost him the friendship."

Tip:Remember the loss associated with the action.

Synonyms & Antonyms

Synonyms

Antonyms

Idioms & expressions

at all costs

Regardless of the effort or sacrifice required.

"We must succeed at all costs."

cut costs

To reduce expenses.

"The company is trying to cut costs to improve its profits."

at the cost of

Something that is lost as a result of something else.

"The city was saved, but at the cost of many lives."

From Old French *coster* 'to come to an amount, be worth', from Latin *constare* 'to stand together, agree in price', from *con-* 'with' + *stare* 'to stand'.

The word 'cost' has been used since the 13th century, initially referring to the price or value of something.

Memory tip

Think of the money it takes to acquire something.

Word Origin

LanguageLatin
Original meaning

"to stand together, agree in price"

high costlow costtotal costcost of livingcut costs

Common misspellings

cotscstkosta

Usage

60%Spoken
40%Written