Expense vs. Asset

Expensenoun

A spending or consuming, often a disbursement of funds.

Expensenoun

The elimination or consumption of something, sometimes with the notion of loss or damage to the thing eliminated.

Expensenoun

(obsolete) Loss.

Expenseverb

(transitive) To charge a cost against an expense account; to bill something to the company for which one works.

Expensenoun

A spending or consuming; disbursement; expenditure.

Expensenoun

That which is expended, laid out, or consumed; cost; outlay; charge; - sometimes with the notion of loss or damage to those on whom the expense falls; as, the expenses of war; an expense of time.

Expensenoun

Loss.

Expensenoun

amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)

Expensenoun

a detriment or sacrifice;

Expensenoun

money spent to perform work and usually reimbursed by an employer;

Expensenoun

the cost incurred in or required for something

Expensenoun

the costs incurred in the performance of one's job or a specific task

Expensenoun

a thing on which one is required to spend money

Expenseverb

offset (an item of expenditure) as an expense against taxable income

Expenseverb

charge (something) to an expense account

Expense

Expenditure is an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense.

Assetnoun

Something or someone of any value; any portion of one's property or effects so considered.

Assetnoun

(software) Any component, model, process or framework of value that can be leveraged or reused.

Assetnoun

(espionage) intelligence asset

Assetnoun

private parts; a woman's breasts or buttocks, or a man's genitalia.

Assetnoun

Any article or separable part of one's assets.

Assetnoun

a useful or valuable quality

Asset

In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value.