- cost1 W1S1 [kɔst US ko:st] n1.)the amount of money that you have to pay in order to buy, do, or produce somethingcost of▪ the cost of accommodation▪ I offered to pay the cost of the taxi.▪ Insurance to cover the cost of a funeral is possible.▪ This doesn't include the cost of repairing the damage.▪ The new building's going up at a cost of $82 million.▪ low cost housing▪ the high cost of production▪ A cassette/radio is included at no extra cost .▪ The funds will just cover the museum's running costs .2.) costs [plural]a) the money that you must regularly spend in order to run a business, a home, a car etcreduce/cut costs▪ We have to cut costs in order to remain competitive.▪ At this rate we'll barely cover our costs (=make enough money to pay for the things we have bought) .▪ the travel costs incurred in attending the meeting (=money you have to spend)▪ Because of the engine's efficiency the car has very low running costs (=the cost of owning and using a car or machine) .b) also court coststhe money that you must pay to lawyers etc if you are involved in a legal case in court, especially if you are found guilty▪ Bellisario won the case and was awarded costs.▪ He was fined £1000 and ordered to pay costs of £2200.3.) [U and C]something that you lose, give away, damage etc in order to achieve somethingat (a) cost to sb▪ She had kept her promise to Christine, but at what cost to herself?social/environmental etc cost▪ the environmental cost of such mining projects▪ They need to weigh up the costs and benefits (=disadvantages and advantages) of regulation.▪ He's determined to win, whatever the cost (=no matter how much work, money, risk etc is needed) .▪ We must avoid a scandal at all costs (=whatever happens) .4.) [singular] especially AmE the price that someone pays for something that they are going to sell= ↑cost price at cost▪ His uncle's a car dealer and let him buy the car at cost (=without making a profit) .5.) know/find out/learn etc sth to your costto realize something is true because you have had a very unpleasant experience▪ Driving fast in wet conditions is dangerous, as my brother discovered to his cost!→count the cost at ↑count1 (10)▬▬▬▬▬▬▬COLLOCATES for sense 1pay the cost of somethingmeet/bear the cost (of something) (=pay for something)cover the cost (of something) (=pay for all of something)the cost of doing somethingat a cost of $10/$100 etchigh/low costfull/total costextra/additional costrising/escalating costat no extra cost (to somebody)labour/transport/legal etc costsrunning/operating costs (=what it costs to organize an event or run a business)WORD CHOICE: cost, costs, price, charge, fee, fareUse cost to talk about paying for services and activities, rather than objects : The total cost of the trip was under $500. |I worked out the cost of the repairs.Your costs are the amount of money you have to spend in order to run a business or to do a particular activity : The shop was not making enough money to cover its costs.Use price to mean the amount of money that you must pay for something in a place such as a shop or restaurant : We are cutting all our prices (NOT costs) by 50% for one day only! | We were shocked by the price of a cup of coffee in London.A charge is the amount you have to pay to have a particular service or use something : For a small charge we will also make your hotel reservations.A fee is the amount you have to pay to enter or join something : The gallery charges no entrance fee. |The fee for membership is £25 per year. It is also the amount you have to pay for a professional service |The lawyer explained her fees.A fare is the amount you have to pay to travel somewhere by bus, train, plane etc : I need some money for my bus fare. | His parents paid his fare to Sydney.▬▬▬▬▬▬▬cost 2cost2 W2S1 v[Date: 1300-1400; : Old French; Origin: coster, from Latin constare 'to stand firm, cost'; CONSTANT1]1.) past tense and past participle cost [linking verb]to have a particular price▪ A full day's activities will cost you £45.▪ His proposals could cost the taxpayer around £8 billion a year.▪ How much would it cost us to replace?not cost sb a penny(=cost nothing)▪ It won't cost you a penny for the first six months.cost a (small) fortune/a pretty penny(=have a very high price)▪ It's costing us a fortune in phone bills.cost a bomb/a packetBrE (=have a very high price)▪ What a fantastic dress. It must have cost a bomb!▪ Lighting can change the look of a room and needn't cost the earth (=have a price which is too high) .▪ Getting that insured is going to cost you an arm and a leg (=have a very high price) .2.) cost sb their job/life/marriage etcwhen something makes you lose your job etc▪ Joe's brave action cost him his life.▪ His strong stand on the issue could have cost him his job.▪ Bad management could be costing this club a chance at the title.3.) cost sb dear/dearlyto make someone suffer a lot or to lose something important▪ A couple of missed chances in the first half cost them dear.▪ The scandal has cost Nicholson dearly.4.) past tense and past participle costed [T usually passive]to calculate the total price of something or decide how much the price of something should be▪ We'll get the plan costed before presenting it to the board.5.) it will cost youspoken used to say that something will be expensive▪ Tickets are available, but they'll cost you!
Dictionary of contemporary English. 2013.