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English definition of “cost centre”

cost centre

noun [C]     UK ( US cost center)
ACCOUNTING a part of a company or organization considered as unit so that the costs relating to it can be calculated for the company's accounts: allocate/charge sth to a cost centre Please state the cost centre that these expenses should be charged to. → Compare profit centre
(Definition of cost centre noun from the Cambridge Business English Dictionary © Cambridge University Press)
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