Definition of cost center in English:

cost center

Syllabification: cost cen·ter

noun

A department or other unit within an organization to which costs may be charged for accounting purposes.
More example sentences
  • In a way, we too, are a cost center to the university, but our compensation (no bonuses, no revenue or profit sharing) is not directly tied to the university's performance.
  • Learning initiatives are typically managed as a cost center, with insufficient budgets, and are rarely linked to business outcomes.
  • Financial institutions can benefit by converting what was once thought of as a cost center into marketing opportunities at the heart of their customer's e-commerce activities.

Definition of cost center in:

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Word of the day retroflex
Pronunciation: ˈrɛtrə(ʊ)flɛks
adjective
turned backwards