cost

cost — noun

1. the money that people pay when buying a product, using a service, or having work

1.nounA2
Definition

the money that people pay when buying a product, using a service, or having work carried out.

Example

The cost of a monthly train pass in Taipei has risen again this year.

cost + of + noun phrase for specifying what

Lan checked the total cost before adding the items to her online basket.

total cost as a common collocation

Common collocations
  • total cost
  • rising cost
  • high cost
  • low cost
  • cost of living
  • cost of production
Synonyms
  • price

    focuses on what a seller charges per item; more common in shops

  • fee

    a payment for a professional service rather than a product

  • charge

    the amount asked for a service, often by a business or institution

  • rate

    a fixed price per unit of time, distance, or amount

Grammar Patterns

cost + of + noun phrase

the cost of [doing something]

Usage Note

Often used with 'the cost of + noun/-ing' to specify what the money is for. When talking about general prices for everyday items, 'price' is more common than 'cost'.

Common Mistakes

The cost of this apple is two dollars.
The price of this apple is two dollars.
For individual items in a shop, 'price' is more natural than 'cost'.
What is the cost of time?
What is the cost of the repair?
'Cost' needs a specific thing it applies to, not an abstract question.

2. the money that a company or an organisation must spend on things such as materia

2.nounB1
Definition

the money that a company or an organisation must spend on things such as materials, wages, rent, or legal fees in order to operate.

Example

The company needs to cut costs to stay competitive in the global market.

collocation: cut/reduce costs

Christopher calculated the shipping costs for the entire project before submitting the budget.

shipping costs as a noun-noun collocation

Common collocations
  • cut costs
  • reduce costs
  • operating costs
  • production costs
  • legal costs
  • shipping costs
  • labour costs
  • costs rise
Synonyms
  • expenses

    broader term covering all money spent; used in both business and personal contexts

  • overheads

    fixed ongoing costs of running a business (rent, utilities), not project-based

  • outlay

    more formal; often refers to a one-time spending to start something

  • spending

    general term; less specific to business accounting

Antonyms
  • revenue

    money a business earns, as opposed to money it spends

  • profit

    what remains after costs are subtracted from income

Grammar Patterns

costs + of + noun phrase

cut/reduce costs

Usage Note

Typically appears in plural form (costs) when referring to ongoing business expenses. The singular form may refer to a single legal or project expense.

Common Mistakes

The cost of doing business are very high.
The costs of doing business are very high.
Use plural 'costs' for ongoing expenses.
We need to low the costs.
We need to lower the costs.
The verb is 'lower' or 'cut,' not 'low.'

3. something important — such as time, health, a relationship, or a life — that peo

3.nounB2
Definition

something important — such as time, health, a relationship, or a life — that people surrender so they can reach a particular goal.

Example

Antonia built a successful business, but at the cost of her health and personal relationships.

phrase: at the cost of + sacrificed thing

The army captured the city at a terrible cost in human lives.

Common collocations
  • at the cost of
  • human cost
  • environmental cost
  • emotional cost
  • terrible cost
Synonyms
  • sacrifice

    stronger emotional tone; emphasises giving up something cherished

  • price

    metaphorical use — 'the price of fame'; more dramatic and informal

  • penalty

    suggests a negative consequence or punishment for a choice

  • toll

    usually describes human deaths or suffering in a disaster or war

Antonyms
  • gain

    what is obtained rather than lost

  • benefit

    something positive that comes from an action

Grammar Patterns

at the cost of + noun phrase

at + possessive + cost

Usage Note

Frequently appears in the fixed phrases 'at the cost of [something]' or 'at [possessive] cost'. Distinguish from sense 1 — here the sacrifice is not money but something more abstract.

Common Mistakes

He finished the project with the cost of his sleep.
He finished the project at the cost of his sleep.
Use 'at the cost of', not 'with the cost of.'
The human cost was many soldiers.
The human cost was high
many soldiers lost their lives.' — 'Cost' refers to the loss itself, not to the people lost.

4. a difficult or painful experience that teaches someone a lesson they will not fo

4.nounC1
Definition

a difficult or painful experience that teaches someone a lesson they will not forget; used only in the fixed expression 'to one's cost'.

Example

Stefan learned to his cost that verbal agreements are useless when one party decides to break them.

fixed phrase: learn to one's cost

Many small business owners discover to their cost that customers do not always pay on time.

pattern: discover/find out to one's cost

Grammar Patterns

to + possessive + cost

learn/find out/know to one's cost

Usage Note

This is not a standalone sense — the word 'cost' here can only appear as part of the fixed phrase 'to one's cost' (after verbs such as learn, discover, find out, or know). The phrase always means 'through an unpleasant personal experience.' Do not use 'cost' alone to mean 'a lesson learned from hardship.'

Common Mistakes

I learned a cost about trusting strangers.
I learned to my cost not to trust strangers.
The phrase must be 'to one's cost,' not just 'cost' alone.
She discovered the cost of being late.
She discovered to her cost that being late had serious consequences.
Without 'to one's cost', the meaning shifts to sense 1 or 3.
Idioms

used after verbs such as learn, discover, or know to mean 'through an unpleasant personal experience'.

Tanvi learned to her cost that investing all her savings in one business was too risky.

Many travellers discover to their cost that cheap flights often hide extra fees.

Doing everything possible to achieve a goal, no matter what difficulties arise.

Maya wanted to save her company at all costs.

Will you protect your family at all cost?

No matter what happens or what must be sacrificed.

Diego was determined to win the race at any cost.

Should we pursue this plan at any cost?

at cost

idiom

For the exact price paid to produce or purchase an item, without extra profit.

Employees can buy company products at cost.

The restaurant sold the extra ingredients at cost.

To experience the negative consequences of a mistake or bad decision.

After the flood, the town counted the cost of poor planning.

Sara is now counting the cost of her hasty investment.

To learn something from a personal unpleasant experience.

Brian learned to his cost that honesty is the best policy.

I know to my cost how dangerous that road can be.

cost — verb

Word family

  • costly
    adjectiveB2
  • costing
    nounC1
  • cost-effective
    adjectiveB2
  • cost-conscious
    adjectiveC1
  • cost-saving
    adjectiveB2
  • cost-cutting
    adjectiveB2

Synonym discussion

Sense: verb/1

All five words relate to money, but they are used differently. 'Cost' (verb or noun) focuses on what the buyer must pay or sacrifice for something — 'The repairs cost $500.' 'Price' is the specific amount a seller sets on an item for sale — 'The price tag said $50.' 'Charge' is what a business asks for a service rather than a product — 'The mechanic charged $80 per hour.' 'Fee' is a fixed payment for a professional service, such as a doctor's consultation or school tuition — 'The application fee is $75.' 'Expense' covers any money spent, often as part of a larger budget — 'Travel expenses were reimbursed.' In short: you pay the price of a product, pay a charge or fee for a service, count cost for any purchase or sacrifice, and track expenses for ongoing spending.

Common collocations

Phrases

Prepositions

Etymology

LatinFrenchEnglish

The word 'cost' entered English through Old French, where 'cost' meant 'price, expense.' The French word came from Latin 'constare', which combines 'com-' (together) and 'stare' (to stand). In Latin, 'constare' originally meant 'to stand firm' or 'to be settled,' and later came to mean 'to cost' — as in, the price at which a thing 'stands' or is agreed upon. The verb sense 'to calculate the cost' (costed) developed later in business English, and the abstract sense of 'loss or sacrifice' appeared by the 16th century. The idiomatic 'to one's cost' (learn through painful experience) dates from the 1800s.