Meaning of “sunk cost” in the English Dictionary

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"sunk cost" in Business English

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sunk costnoun [ C, usually plural ]

uk us ACCOUNTING

money that a company has already spent or invested in a particular project, etc. and that it cannot get back:

Most investment expenditures are largely irreversible - sunk costs that cannot be recovered if market conditions turn out to be worse than expected.

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