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TeachMeFinance.com - explain Forward cost (1) Forward cost (1) The term 'Forward cost (1)' as it applies to the area of energy can be defined as ' Forward costs are those operating and capital costs yet to be incurred at the time an estimate of reserves is made. Profits and 'sunk' costs, such as past expenditures for property acquisition, exploration, and mine development, are not included. Therefore, the various forward-cost categories are independent of the market price at which uranium produced from the reserves would be sold'. Previous 5 Terms: Formulary Formulary Drugs formulate Formulation process Forward contract Next 5 Terms: Forward cost (2) Forward costs (uranium) Forward coverage Forward Flank Downdraft Forward market About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.