Dictionary of Procurement Terms

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Search Results: 331-340 of 353 results for “C”

  • Cumulative Average Cost Curve

    Used in price and cost analysis, this curve plots cumulative units produced against the average direct labor cost or average labor hours required per unit for all units produced. (Schiller, 2000)

  • Cure Notice

    A written notice that is issued to correct poor contractor performance. It documents performance issues and provides the contractor with an opportunity to remedy the situation.

  • Cure Period

    Following the issuance of a cure notice, the time allowed for the defaulting party of a contract to resolve the specified delinquency or default.

  • Currency Depreciation

    A fall in the price of one currency relative to another. (Business, 2002)

  • Currency Devaluation

    The reduction of the value of a nation’s currency relative to the currency of other countries. (Business, 2002)

  • Current Account

    International cash flows in payment for exports; part of a nation’s balance of payments. (Schiller, 2000)

  • Current Assets

    Assets that can be quickly converted into cash or that will be used in one year or less. (Ferrell & Hirt, 2003)

  • Current Funding

    The current sum of money assigned to a contract.

  • Current Liabilities

    Debts that will be repaid in one year or less. (Ferrell & Hirt, 2003)

  • Current Ratio

    A financial ratio computed by dividing current assets by current liabilities. (Ferrell & Hirt, 2003)