COST-PLUS

Pronunciation (US):

(GB):

 I. (adjective) 

Sense 1

Meaning:

Determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit

Example:

a cost-plus government contract

Classified under:

Adjectives

Similar:

indeterminate; undetermined (not precisely determined or established; not fixed or known in advance)

Credits