cost

nouncandidate·updated May 12, 2026

The monetary value of resources used or sacrificed or liabilities incurred to achieve an objective such as to acquire or produce a good or to perform an activity or service.

Framework senses

FFIEC IT Examination Handbook - Audit, April 20121 senseview framework →
§1
The monetary value of resources used or sacrificed or liabilities incurred to achieve an objective such as to acquire or produce a good or to perform an activity or service.
Wordset Dictionary3 sensesview framework →
§1
the property of having material worth (often indicated by the amount of money something would bring if sold)
§2
value measured by what must be given or done or undergone to obtain something
§3
the total spent for goods or services including money and time and labor