Froogle | Glossary

EXPENSE

1. any business cost incurred via operations/maintenance. For purposes of information (and in shareholder-reporting), expenses are calculated as the cost of goods/services used in profit-driven business activities.

2. administrative/investment fees/payments that are borne out of – or expected to be borne out of – a plan/policy (eg, a retiree group benefits program).

3. In tax law, expenses are costs that are currently deductible – as opposed to CAPITAL EXPENDITURES (which might get depreciated/amortized over the useful life of the property/asset (eg DAC)).

Congratulations! You're now Froogled Up™ on what "Expense" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com

user comments

thank you, come again!
Froogle 1.1.1.7

EXPENSE

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