👉 Expensing is a business practice that allows an entity to defer the cost of certain expenses until they are incurred. This practice is commonly used in the context of accounting, particularly in the field of finance and investment management. In this context, "expensing" refers to the act of deducting or subtracting specific costs from the income statement of a business. For instance, if an entity incurs expenses that are not deductible under tax laws, it may choose to expense these costs until they can
