cost center

Definitions (2)
Related Terms
1. A defined area, machine, or person to whom direct and indirect costs are allocated.
2. A distinctly identifiable department, division, or unit of an organization whose managers are responsible for all its associated costs and for ensuring adherence to its budgets. Also called cost pool or expense center. See also profit center and revenue center.

Use 'cost center' in a Sentence

The cost center contacted the administrator to go over some accounting standards used during the normal day to day business processes.
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You will want to have a good relationship with your cost center so that you can trust the things that they will tell you.
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I was informed to go over the the cost center and issue my complaint with them, which made me annoyed cause I had already waited so long.
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