COST-PLUS CONTRACT
Agreement to pay a firm for job based on the amount of money incurred in purchasing the necessary materials to complete the job plus additional payment. A contractor is reimbursed for the material costs and adds money to get the total cost of the job. It is commonly used in research and development activities where it is difficult to pinpoint in advance the cost of a job.
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Peace Dividend
It is the funds that become available in the budget of the national government when the county is at peace, and can afford to lessen its defense sp ...
Subprime Meltdown
Situation which affected the mortgage industry in 2007 because of approving individuals with poor credit rating. The housing boom in mid-2000s and ...
False Market
A market in which prices are manipulated by false information, preventing the efficient negotiation of prices. These types of markets will often be ...
Worldwide Coverage
Worldwide Coverage is an insurance policy that provides international coverage for personal property owned by the insured against any loss or damag ...
In the Pink
Informal expression that describes a situation in which an economy or investor is in a rosy financial position. More generally, it pertains to bein ...
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