recurring costs
/riˈkɜːrɪŋ kɒsts/ · re.cur.ring.costs
noun
- Expenses that occur at regular intervals, such as monthly or annually, and are typically expected to continue over time. The company's financial team needs to account for recurring costs like rent and utilities when creating the budget.
- Ongoing expenses that are not one-time or infrequent, such as subscription fees or maintenance costs. The software company's revenue model relies heavily on recurring costs like subscription fees and support services.
Synonyms
ongoing expensesregular costsperiodic expensesrecurring feessubscription costsmaintenance costsoperating expensesannual costs
Antonyms
Did you know? The concept of recurring costs is crucial in business and financial planning, as it helps companies anticipate and manage their expenses effectively.