Types of Gloves Gloves can be made from a wide array of materials, each with different properties and uses. Some of the common materials used to make gloves include, leather, cotton, latex, canvas, metal mesh and more. Beware if you are allergic to latex and other materials that can cause irritation to your skin.
Expense is defined as the cost of something. 1  An example of an expense is the financial burden of buying a brand new car. 2  An example of an expense is the potential lost time in a project after the direction is changed. 3  Obs. the act of expending; a spending or using up. 4  financial cost; fee; charge.  any cost or sacrifice.
Expense. Definition: An expense is the reduction in value of an asset as it is used to generate revenue. If the underlying asset is to be used over a long period of time, the expense takes the form of depreciation, and is charged ratably over the useful life of the asset.or example, if goods are sold in January, then both the revenues and cost of goods sold related to the sale transaction should be recorded in January. An expense is not the same as an expenditure. An expenditure is a payment or the incurrence of a liability, whereas an expense represents the consumption of an asset.