41.   A big expense is the cost of trading, which means that funds that engage in excessive buying and selling of stocks also pay lots of broker commissions.

42.   Account money could be spent on anything, but nonmedical expenses would be subject to income taxes.

43.   Agencies also help clients with their travel-management policies, establishing rules about who can fly first class, for example, or which expenses are reimbursable.

44.   All other expenses were for general overhead and postal and telephone bills.

45.   All these expenses are for power the utility already has purchased for customers.

46.   But analysts are concerned that its expenses are so much greater than revenue.

47.   But even with equity funds, he said, expenses are the sole investment variable individuals control.

48.   But expenses were a key.

49.   But in the current quarter, those expenses have been higher than the company expected, for reasons it did not detail.

50.   But in an industry driven by performance, USAA officials said, the extra expense was worth the tradeoff.