Meaning of cost-plus


Pronunciation: (kôst'plus', kost'-), [key]
— 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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.