assume costs

USAGE SUMMARY

The phrase "assume costs" is correct and usable in written English.
It can be used in contexts where one party takes on or accepts the financial responsibilities associated with a particular action or agreement. Example: "As part of the contract, the supplier will assume costs related to shipping and handling."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

Leumi has also written down loans to businesses linked to the tourism industry, like hotels, and must assume costs of increased security at branches.

The New York Times

If we assume costs for precautionary measures of around €458,000 (see Table 3) and standard deviation of 63.3 min (see section 3.2), we compute a VTTV related to the cargo component of €2.22 per hour standard deviation.

European Transport Research Review

Their willingness to assume costs for the sake of racial justice is an act of moral courage.

Huffington Post

We assume costs are yearly estimates.

Globalization and Health

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

Commuters assume cost as an unchanging variable when travelling on PT, regardless of the number of transfers.

European Transport Research Review

We assume cost associativity, i.e., that running n jobs in n instances in parallel costs as much as running n jobs sequentially in a single instance.

Journal of Cloud Computing

Ms. Tingle, a student at Douglas Academy in Glasgow, and Mr. Inglis, from Buckhaven High School in Fife, said they had assumed costs would be prohibitive at U.S. schools.

The New York Times

These numbers can be improved by relaxing some of the assumed costs.

Chemistry Central Journal

It is shown that optimum total expected costs found herein are not highly sensitive to the assumed costs of inspection and failure.

Reliability Engineering & System Safety

First, the assumed costs for fulfilling non-shareholding stakeholders' interests should impact potential investors, as these costs affect shareholders' immediate returns (Stevens et al. 2015).

Business Research

Thus, the assumed costs in the present analysis were $2 and $3 for TXA administration and supplies respectively.

Cost Effectiveness and Resource Allocation

Expert writing Tips

Best practice

When drafting contracts or agreements, use "assume costs" to clearly define which party is responsible for specific financial obligations. It provides a straightforward and unambiguous allocation of financial responsibility.

Common error

Be specific about what costs are being assumed. Avoid ambiguity by clearly outlining the types of expenses included (e.g., "assume all costs associated with shipping and handling" rather than simply "assume costs").

Linguistic Context

The phrase "assume costs" functions as a verb phrase. It describes the action of taking on or accepting financial responsibilities. Ludwig AI indicates that this phrase is used correctly in contexts where one party takes on the financial burdens associated with a specific action.

Expression frequency: Rare

Frequent in

News & Media

30%

Science

30%

Formal & Business

20%

Less common in

Wiki

10%

Academia

5%

Reference

5%

Ludwig's WRAP-UP

In summary, "assume costs" is a verb phrase used to denote the act of taking on financial responsibility, predominantly in formal contexts such as business agreements and legal documents. As Ludwig AI confirms, it's grammatically correct and serves to clearly allocate financial burdens. While the phrase appears less frequently, it plays a significant role in ensuring transparency and accountability in financial arrangements. Related phrases like "bear the expenses" or "shoulder the costs" can offer alternative ways to express the same concept, depending on the desired nuance.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

bear the expenses

This alternative focuses on the act of carrying or handling the financial burden.

shoulder the costs

This alternative suggests bearing the costs as a responsibility or duty.

cover the expenses

This alternative focuses on providing enough money to pay for something.

take on the financial burden

This alternative explicitly states that one is accepting a difficult or heavy financial load.

absorb the expenses

This alternative implies that the costs are incorporated into a larger financial structure or budget.

be responsible for the costs

This alternative emphasizes accountability for the expenses incurred.

pick up the tab

This alternative is more informal and suggests paying the bill.

foot the bill

Similar to "pick up the tab", this means to pay all the expenses.

underwrite the costs

This alternative implies a more formal agreement to financially support or guarantee costs.

own the expenses

This alternative suggests fully accepting and managing the financial responsibilities.

FAQs

What does it mean to "assume costs" in a business context?

In a business context, to "assume costs" means to take on the responsibility of paying for certain expenses or liabilities. This can be part of a contract, agreement, or general business practice.

What are some alternatives to saying "assume costs"?

You can use alternatives like "bear the expenses", "shoulder the costs", or "cover the expenses" depending on the specific nuance you want to convey.

How is "assume costs" different from "share costs"?

"Assume costs" means one party takes full responsibility, while "share costs" implies that multiple parties contribute to covering the expenses. The former places the entire financial burden on one entity, whereas the latter distributes it.

When should I use "assume costs" in a formal document?

Use "assume costs" in formal documents such as contracts, agreements, and legal documents when you need to clearly define which party is responsible for specific financial obligations. Clarity is key to avoid disputes.