cost containment

cost containment definition - business

cost containment

Reducing expenditures or the rate of growth of expenditures. For example, a company may attempt cost containment of health insurance expenses by increasing the size of deductibles that employees must absorb.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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