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.

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