From Longman Dictionary of Contemporary Englishcostcost1 /kɒst $ kɒːst/ ●●● S1 W1 noun 1 [countable]COST the amount of money that you have to pay in order to buy, do, or produce somethingcost of the cost of accommodation I offered to pay the cost of the taxi. Insurance to cover the cost of a funeral is possible. This doesn’t include the cost of repairing the damage. The new building’s going up at a cost of $82 million. low cost housing the high cost of production Travel insurance is included at no extra cost. The funds will just cover the museum’s running costs. → cost of livingRegisterIn everyday English, people usually ask how much did it cost? or how much was it? rather than using the noun cost: What was the cost of the accommodation? → How much did the accommodation cost? | I’ll find out the cost. → I’ll find out how much it costs/is.2 → costs3 [countable, uncountable]LOSE/NOT HAVE ANYMORE something that you lose, give away, damage etc in order to achieve somethingat (a) cost to somebody She had kept her promise to Christine, but at what cost to herself?social/environmental etc cost They need to weigh up the costs and benefits (=disadvantages and advantages) of regulation. He’s determined to win, whatever the cost (=no matter how much work, money, risk etc is needed). We must avoid a scandal at all costs (=whatever happens).4 [singular] especially American EnglishBBTCOST the price that someone pays for something that they are going to sell syn cost priceat cost His uncle’s a car dealer and let him buy the car at cost (=without making a profit).5 → know/find out/learn etc something to your cost → count the cost at count1(11)COLLOCATIONSverbspay the cost of somethingI’m not sure how I’m going to pay the cost of going to college.cover the cost (=pay for something)The money he had saved just covered the cost of the trip.meet/bear the cost of something (=pay for something, especially with difficulty)His family were unable to meet the cost of his operation.afford the cost of somethingWe can’t afford the cost of a holiday abroad this year.reduce/lower/bring down the costIf you go later in the year, it will bring down the cost of your holiday.cut the cost (=reduce it)The government has promised to cut the cost of medical care.increase/push up the costThe new tax will increase the cost of owning a car.the cost rises/goes upThe cost of electricity has risen again.the cost falls/goes downAirline costs have fallen considerably.adjectiveshigh/lowthe high cost of fuelthe average costWhat’s the average cost of a wedding in the UK?an extra/additional costAt the campsite, many activities are available at no extra cost.the full/total costExperts are still assessing the full cost of the disaster.the estimated cost (=one that is guessed and may not be exact)The estimated cost was in the region of £3,000.the annual/monthly costThis figure represents the annual cost of a loan.labour/production/transport etc costsThey had to pay £30,000 in legal costs.running/operating costs (=the amount it costs to run a business, a machine etc)The new technology is cheaper and the running costs are lower.borrowing costs (=the amount it costs to borrow money from a bank)Interest rates and borrowing costs are likely to be higher next year.phrasesthe cost of living (=the amount you need to pay for food, clothes etc)People are complaining about the rising cost of living.THESAURUScost the amount of money you need to buy or do something. Cost is usually used when talking in a general way about whether something is expensive or cheap rather than when talking about exact pricesThe cost of running a car is increasing.the cost of raw materialsprice the amount of money you must pay for something that is for saleThey sell good-quality clothes at reasonable prices.the price of a plane ticket to New Yorkvalue the amount of money that something is worthA new kitchen can increase the value of your home.charge the amount that you have to pay for a service or to use somethingHotel guests may use the gym for a small charge.bank chargesfee the amount you have to pay to enter a place or join a group, or for the services of a professional person such as a lawyer or a doctorThere is no entrance fee.The membership fee is £125 a year.legal feesfare the amount you have to pay to travel somewhere by bus, plane, train etcI didn’t even have enough money for my bus fare.fare increasesrent the amount you have to pay to live in or use a place that you do not ownThe rent on his apartment is $800 a month.rate a charge that is set according to a standard scaleMost TV stations offer special rates to local advertisers.toll the amount you have to pay to travel on some roads or bridgesYou have to pay tolls on many French motorways.
Examples from the Corpuscost• In the budgeting process the firm should decide on what should be treated as profit centres and what as cost centres.• Medical care costs keep rising.• IBM is continuing to cut costs in an effort to be more competitive.• We will deliver and install your computer at no extra cost.• The high cost of health care in the US is causing a great deal of concern.• War is never worth its cost in human life.• If you lose the case, you will face substantial legal costs.• This procedure, known as the capitalization of costs, also increases net income.• Bovard estimated a minimum of 10,000 volumes were flooded, at a replacement cost of $ 10 million.• £650,000 will be needed to cover the hospital's running costs during its first year.• In general, however, they found that consumers took better care of appliances on hire purchase and that servicing costs were lower.• But increased short-term costs should result in overall savings in the longer term.• Many old people have to live in poverty because of the steady rise in the cost of living.• Corporate Software Inc has developed an approach to the problem designed to minimise the cost.• Internet banking will considerably reduce the cost of doing business.• A regular service contract is not expensive when compared to the cost of modern instruments and can provide great peace of mind.• A company hired to do telemarketing ups the cost to as much as 40 percent.• We'll make sure you have the operation, whatever the cost.• The cost of electricity has fallen in the last twelve months.running costs• However, governance structures differ in terms of their set-up and running costs.• Even if the crèche is already built, running costs can be considerable.• Some methods of treatment require plants that cost more than others. whereas some processes may have much lower running costs.• Thus maintenance can make an important contribution to containing machine running costs as well as ensuring optimum machine availability.• The corporation has prepared a detailed indication of running costs for the new hovercraft.• Gas is slower-burning, resulting in reduced wear on principal engine components and reduced running costs.• It will probably be used for capital funding rather than running costs.• Here, the university provides premises for a social centre For the graduates; the Manpower Services Commission provides the running costs.at all costs• Avoid at all costs unnecessary negative comments when speaking to a work-inhibited student.• Gusty winds are to be avoided at all costs.• Gardeners occasionally regard shade as an evil to be avoided at all costs.• In their eyes a reconciliation was to be avoided at all costs.• He had to hold the Control at all costs and discourage the enemy from any further attempt to rush his position.• The withdrawn lands had to be kept off-limits at all costs.• In the effort to bolster ratings at all costs, journalistic standards have been lowered.at cost• Most of the materials were bought at cost from local suppliers.