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cost centre

Line breaks: cost cen¦tre

Definition of cost centre in English:

noun

A part of an organization to which costs may be charged for accounting purposes.
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 centre in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words