The meaning of cost is the amount of money, time and resources it takes to produce an outcome; whether it be money gained, or to have a certain project done.2 people found this useful. low-cost airline is generally an airline operating aircrafts with  only on class, usually economy. Also low-cost airlines offer lower  fares than legacy, or holiday carrie â¦ rs hence the name low-cost.  Most low-cost airlines operate fleets mostly consisting of Boeing  737's or Airbus A320 series aircrafts.
Though personal loans are not tax deductible, other types of loans are tax deductible. Interest paid on mortgages, student loans and business loans can be deducted on your annual taxes, effectively reducing your taxable income for the year. However, certain criteria must be met to qualify for the above deductions.
The tax deduction is available not only for the purchase or construction of a house, but also for loans taken for the purpose of repairs and renovation of the house. Such loans are typically called âhome improvement loansâ. The interest paid on the home improvement loan is tax deductible up to Rs 30,000 per annum. Home improvement loans have been introduced by quite a few banks for repairs and renovation such as internal and external repairing, waterproofing and roofing, complete interior renovation, tiling and flooring, etc.