Definitions

1. noun

The cost or expense that arises after a financial transaction, such as the cost of maintaining or repairing an asset.

“The aftercost of the company’s acquisition of the new factory was higher than expected, resulting in significant losses.”

2. noun

A charge or expense incurred after a certain period, often in relation to a loan or mortgage.

“The aftercost of the loan was calculated as a percentage of the outstanding balance.”