pooledcosts
nounUK /puːld kɒsts/
US /puːld kɔsts/
Money that many people put together to pay for something.
The neighbors shared the pooled costs of fixing the fence.
RELATED WORDS
OTHER MEANINGS
2. Total expenses gathered from several groups into one account.
The pooled costs of the three teams were tracked in a single report.
3. Money collected from members to cover common bills.
The club used pooled costs to buy new equipment.
4. Expenses that are spread across many people so each pays less.
Pooled costs made the trip cheaper for everyone.