cost-plus

adjective
\ ˈkȯs(t)-ˈpləs How to pronounce cost-plus (audio) \

Definition of cost-plus

1 : paid on the basis of a fixed fee or a percentage added to actual cost a cost-plus contract
2 : of or relating to a cost-plus contract

First Known Use of cost-plus

1909, in the meaning defined at sense 1

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The first known use of cost-plus was in 1909

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