What Does NRC Stand For?

NRC stands for Nonrecurring Costs

NRC, or Nonrecurring Costs, refers to expenses that are incurred once and typically do not reoccur in the future. These costs are often associated with specific projects, initiatives, or investments, such as research and development, equipment purchases, or initial setup expenses. Understanding NRC is crucial for budgeting and financial analysis, as it helps organizations distinguish between ongoing operational costs and one-time expenditures.

Other Meanings for NRC