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Sunk costs

• Cash outlays that have already been made (ie., past outlays) and therefore have no effect on the cash flows relevant to a current decision.

• Costs that have been incurred and cannot be reversed.

 
 

Follow this link for all the terms related to cost.

 
 Embedded terms in definition
 Cash flow
Cash
 
 Related Terms
 

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When a true genius appears in the world you may know him by this sign: that all the dunces are in confederacy against him. - Johnathan Swift

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