Meaning of the word expenses in English

What does expenses mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

expenses

US /ɪkˈspɛnsɪz/
UK /ɪkˈspɛnsɪz/

Plural Noun

the cost required for something; the money spent on something

Example:
Business expenses can be deducted from taxes.
We need to cut down on our monthly expenses.