cost contract
61Cost Accounting Standards Board - CASB — A U.S. federal government body that has the mandate of promoting consistency and uniformity in cost accounting activities involving government grants and contracts. Established by Congress in 1970, The Cost Accounting Standards Board (CASB) was… …
62Cost Basis — 1. The original value of an asset for tax purposes (usually the purchase price), adjusted for stock splits, dividends and return of capital distributions. This value is used to determine the capital gain, which is equal to the difference between… …
63cost-plus — UK / US noun [uncountable] business an amount calculated by adding the cost of producing something to a profit or charge that has been agreed Derived word: cost plus UK / US adjective a cost plus contract …
64contract note — 1) A document containing details of a contract sent from one counterparty to the contract to the other. 2) A document sent by a stockbroker or commodity broker to a client as evidence that the broker has bought (in which case it may be called a… …
65cost-plus — /kawst plus , kost /, adj. 1. paid or providing for payment based on the cost of production plus an agreed upon fee or rate of profit, as certain government contracts. 2. of or pertaining to a cost plus arrangement or contract. [1915 20] * * * …
66cost-plus — adjective technical a cost plus contract gives the person selling all of their costs (cost1 (3)) and part of the profit as well …
67cost-plus contract — One which fixes the amount to be paid the contractor on a basis, generally, of the cost of the material and labor, plus an agreed percentage thereof as profits. Such contracts are used when costs of production or construction are unknown or… …
68cost-plus contract — One which fixes the amount to be paid the contractor on a basis, generally, of the cost of the material and labor, plus an agreed percentage thereof as profits. Such contracts are used when costs of production or construction are unknown or… …
69cost and freight — A mercantile term which, when used in connection with a contract for the sale of goods shows that the price quoted to the purchaser includes the cost of the goods and freight charges to the place of destination. Pepper v Western Union Tel. Co. 87 …
70cost rule of damages — A rule of damages for breach of a building contract by failure to complete performance, under which reconstruction cost is the measure of damages. Shell v Schmidt, 164 Cal App 2d 350, 330 P2d 817, 76 ALR2d 792, cert den 359 US 959, 3 L Ed 2d 766 …
