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.
You can also generally deduct interest on home equity debt of up to $100,000 ($50,000 if you're married and file separately) regardless of how you use the loan proceeds. For details, see IRS Publication 936: Home Mortgage Interest Deduction. If you own rental property and borrow against it to buy a home, the interest does not qualify as mortgage interest because the loan is not secured by the home itself. 2  Interest paid on that loan can't be deducted as a rental expense either, because the funds were not used for the rental property.