cost-containment
UK[ˈkɒst kənˌteɪnmənt]US[ˈkɔːst kənˌteɪnmənt]
n
the action or process of keeping costs, especially business or government costs, within certain limits or preventing them from increasing excessively.
Morpheme Breakdown
cost
contain
ment
cost
expense
contain
hold
ment
noun suffix
Etymology
The term is a modern compound noun, primarily used in business and policy contexts from the mid-20th century. It literally builds on the Old English concept of "cost" (expenditure) and combines it with the Latin-derived verb "contain," meaning to hold or restrain. The suffix "-ment" then nominalizes the action, creating a word that denotes the process of restraining expenses. The logic is transparent: the act ("-ment") of holding ("contain") expenditures ("cost") within desired boundaries, reflecting a managerial strategy to control financial outflows.
Analysis
Structure: cost (expense) + contain (hold) + ment (noun suffix)
- cost: From Old English 'cost' via Old Norse 'kostr' (price, expense, choice). Functions as a noun root.
- contain: From Latin 'continēre' (to hold together, enclose), via Old French. In this compound, it functions as a verb root meaning "to hold within limits".
- ment: A suffix of Latin origin ('-mentum') via French, forming nouns indicating an action, process, or result.
Examples
The hospital's new policies focused on cost-containment to avoid budget cuts.
Effective cost-containment measures are essential for the project's long-term viability.
The committee was formed to develop strategies for healthcare cost-containment.