| NOUN | possession | trade expense, business expense | ordinary and necessary expenses incurred in a taxpayer's business or trade |
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| Meaning | ordinary and necessary expenses incurred in a taxpayer's business or trade. | |
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| Synonym | business expense | |
| Narrower | organization expense | The cost (over a period of five years) of organizing a new corporation or partnership |
| promotional expense | The cost of promoting a product | |
| Broader | expense, disbursal, disbursement | Amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures) |
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