/ Dictionary / Index C current cost: Meaning and Definition of Find definitions for: cur'rent cost' Pronunciation: [key] a cost based on the prevailing price paid for material, labor, etc. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. current balance current density Related Content Daily Word Quiz: secular Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language