English version

expense ratio

From Longman Business Dictionary
Related topics: Finance, Insurance
expense ratioexˈpense ˌratio1ACCOUNTING the costs of operating a company shown as a percentage of salesK-mart’s expense ratio is 23% for its discount stores, compared with only 15% for Wal-Mart’s discount stores.2FINANCE the costs of operating an INVESTMENT FUND shown as a percentage of the amount the fund earns from its investmentsThis imaginary fund owns bonds yielding 10% but the fund also has a 1% annual expense ratio; the portfolio is only returning 9% after expenses.3INSURANCE the costs of operating an insurance company shown as a percentage of the money it receives from people paying for insurance policiesEquitable is one of the lowest cost operators in the industry, with an expense ratio — expenses to premiums — of 4.3%. ratio
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.
Word of the day atypical not typical or usual