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entity go
that which is perceived or known or inferred to have its own distinct existence (living or nonliving)

abstraction, abstract entity go
a general concept formed by extracting common features from specific examples

relation go
an abstraction belonging to or characteristic of two entities or parts together

possession go
anything owned or possessed

transferred property, transferred possession go
a possession whose ownership changes or lapses

expenditure, spending, outlay, outgo go
money paid out

cost go
the total spent for goods or services including money and time and labor

disbursement, disbursal, expense go
amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)

non-cash expense go
an expense (such as depreciation) that is not paid for in cash

depreciation, wear and tear go
decrease in value of an asset due to obsolescence or use

write-off, write-down go
(accounting) reduction in the book value of an asset

deduction, tax write-off, tax deduction
a reduction in the gross amount on which a tax is calculated

noun.possession

3 Subcategories

tax benefit, tax break go
a tax deduction that is granted in order to encourage a particular type of commercial activity
business deduction go
tax write-off for expenses of doing business
exemption go
a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)