costs

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In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production.
More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes.
Costs (pl.) are often further described based on their timing or their applicability.

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  1. M

    Responsibility for legal costs

    I am currently in dispute with my brother who is both The Executor and a beneficiary. It has just become known to us that the estate (and his legal fees) are covered by the estate? I've just been informed that as I am disputing aspects of how it is being handled and being dragged out that my...
  2. T

    Prosecution costs?

    I was asked this question today and I'm curious myself. In Victoria, if you are convicted of a summary offence after one hearing in the magistrates court, that saves the police who charged you, then if you lose, what costs do you pay and how much do you have to pay? Do you have to pay...
  3. T

    NSW Does legislation provide a due date to pay NCAT costs order?

    Early 2023 we succesfully obtained a costs order for a fixed amount against the respondent. Because there is no due date for payment the respondent claims they haven't breached the orders so will pay when they are good and ready. The respondent has another unpaid costs order from another person...
  4. S

    QLD Building contract for dividing retaining wall and fence with apportion of costs

    Hi, We are currently facing a situation where we need to replace a retaining wall and fence that sits on the boundary of our property and our neighbour’s. The estimated cost of this project exceeds $20,000. We have reached an agreement with our neighbour regarding the cost sharing and the type...
  5. Hellomyonlyfriend

    NSW Costs in criminal proceedings if self represented

    If my criminal matters were dismissed, do I have any right to costs for my time and other expenses i.e. expert reports even if they were not tendered? The matter went on for over 1500 days due to Covid delays.
  6. Hellomyonlyfriend

    NSW Legal Costs in Tort Matters

    Are solicitors fees costs capped in Tort matters? I know they are in personal injury. A friend has been offered a settlement where 3 per cent goes to them and 97 per cent goes in legal costs and disbursements. It does not seem fair. Any advice I can give to them? Jurisdiction NSW.
  7. h-ivee

    NSW Costs Notice

    What exactly does a cost notice mean? Does this mean the person is not funded by legal aid and is getting compensation for the costs thus far? I dont understand it. Thanks!
  8. M

    VIC Enforcement / Contravention costs

    Does anyone have any experience around costs (mainly legal related costs) being awarded to either party relating to enforcement / contravention proceedings for property / financial settlement? How does the system view such instances of non-compliance to point where enforcements are lodged, then...
  9. A

    QLD 2 Walkway Registered Easements obliging 2 Dominant parties to cover Repair & Maintenance costs 50% each for both.

    The 2 Dominant parties are Lot 602 ( 41 Units) adjoining Lot 601 and a Commercial Building Lot 600 being of 2 floors at street level. The Servient party Lot 601 are (8 Units) attached to the rear of Lot 600 and terrace down five levels. The walkway Easement is attached to the Commercial building...
  10. A

    QLD 2 Walkway Registered Easements obliging 2 Dominant parties to cover Repair & Maintenance costs 50% each for both.

    The 2 Dominant parties are Lot 602 ( 41 Units) adjoining Lot 601 and a Commercial Building Lot 600 being of 2 floors at street level. The Servient party Lot 601 are (8 Units) attached to the rear of Lot 600 and terrace down five levels. The walkway Easement is attached to the Commercial building...