The property of being cost-effective.

Returning a benefit that justifies the initial investment; economical.

plural of fixed cost

(real estate, usually in the plural) The costs that are incurred in assessing that products/services conform to the requirements. It relates to testing, executing, and examination to assess whether specified quality is being maintained. Some example component items of the total appraisal costs are: product quality audits, process control monitoring, inspection and testing of goods, and maintenance of test equipment.

Describing an index or an increase in payment etc that is dependent upon the cost of living

The average cost of a standard set of basic necessities of life, especially of food, shelter and clothing.

(accounting) plural of variable cost

(economics) A cost that has already been incurred and which cannot be recovered to any significant degree.

(accounting) An excess of actual cost over budget.

(management, accounting) An expense one has avoided incurring.