a summary of costs involved in the production of a product.
noun 1. any unit of activity, group of employees or machines, line of products, etc., isolated or arranged in order to allocate and assign costs more easily.
- Cost centre
noun 1. a unit, such as a department of a company, to which costs may be allocated for cost accounting purposes
- Cost control callback
communications A system where a computer automatically rejects incoming dial-up calls from certain telephone numbers and calls them back, with the result that the caller pays nothing for the connection. This differs from security callback in that it applies to certain phone numbers instead of to certain user names. (2003-07-13)
[kawst-kuht, kost-] /ˈkɔstˌkʌt, ˈkɒst-/ verb (used with object), cost-cut, cost-cutting. 1. to reduce the cost of: to cost-cut expenditures.