| English Dictionary |
COST-PLUS
| Pronunciation (US): |  | (GB): | |
| IPA (US): |  |
Dictionary entry overview: What does cost-plus mean?
• COST-PLUS (adjective)
The adjective COST-PLUS has 1 sense:
1. determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit
Familiarity information: COST-PLUS used as an adjective is very rare.
Dictionary entry details
Sense 1
Meaning:
Determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit
Context example:
a cost-plus government contract
Similar:
indeterminate; undetermined (not precisely determined or established; not fixed or known in advance)
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