Meaning of the word costs in English

What does costs mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

costs

US /kɔsts/
UK /kɒsts/

Plural Noun

an amount that has to be paid or spent to buy or obtain something

Example:
The production costs have increased significantly.
We need to cut down on our daily living costs.

Verb

1.

require the payment of (a specified sum of money) before it can be acquired or done

Example:
This car costs a lot of money.
It costs me nothing to help you.
2.

cause (someone) to pay or lose (something)

Example:
His mistake costs him the game.
Lying often costs trust.