Definition of cost centre in English:

cost centre

Line breaks: cost cen¦tre

noun

A part of 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 centre in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day neoteny
Pronunciation: nēˈätn-ē
noun
retention of juvenile features in the adult animal