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2 definitions found
 for costly
From The Collaborative International Dictionary of English v.0.48 :

  Costly \Cost"ly\ (k?st"l?; 115), a. [From Cost expense.]
     [1913 Webster]
     1. Of great cost; expensive; dear.
        [1913 Webster]
  
              He had fitted up his palace in the most costly and
              sumptuous style, for the accomodation of the
              princess.                             --Prescott.
        [1913 Webster]
  
     2. Gorgeous; sumptuous. [Poetic.]
        [1913 Webster]
  
              To show how costly summer was at hand. --Shak.
        [1913 Webster]

From WordNet (r) 3.0 (2006) :

  costly
      adj 1: entailing great loss or sacrifice; "a dearly-won victory"
             [syn: dearly-won, costly]
      2: having a high price; "costly jewelry"; "high-priced
         merchandise"; "much too dear for my pocketbook"; "a pricey
         restaurant" [syn: costly, dear(p), high-priced,
         pricey, pricy]

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