cost avoidance

English

Noun

cost avoidance (countable and uncountable, plural cost avoidances)

  1. (management, accounting) An expense one has avoided incurring.

Usage notes

  • Commonly used in the field of energy management to describe the energy costs avoided by adopting energy-management initiatives.
This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.