Meaning of “current cost” in the English Dictionary

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"current cost" in Business English

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current costnoun [ C ]

uk us

FINANCE the cost of something at the present time, rather than at the time it was originally bought or made:

The company's net loss, measured on the current cost of replacing its inventory, widened to 274 million pounds.

(Definition of “current cost” from the Cambridge Business English Dictionary © Cambridge University Press)