cost-plus > define
adjective
- Determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit.
- usage: "a cost-plus government contract"
by WordNet 3.0 © 2006 by Princeton University
COST-PLUS is determining payment based on the actual cost of production or service provisioning plus an agreed-upon fee or rate of profit; for example, a cost-plus government contract.