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TeachMeFinance.com - explain operating expenses operating expenses -- charges incurred as a result of the customary savings and lending business of a thrift institution, not including interest on borrowed money, interest paid to depositors, nor taxes. Operating expenses include such items as salaries and related compensation costs, office space, furniture, fixtures and equipment, advertising, deposit insurance premiums, and professional and supervisory fees. historic definition... Operating expenses -- The expenses involved in the operation of a company. 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 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.