Dictionary of Procurement Terms

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Search Results: 31-40 of 353 results for “C”

  • Carrier

    A company that transports goods or people, usually over a fixed route and on a fixed schedule.

    See Also: Common Carrier

  • Carrier’s Lien

    A carrier’s claim on assets pending collection of freight cost or other charges.

  • Carrying Cost

    The cost of keeping inventory on hand including lost opportunity cost, storage cost, handling cost, insurance cost, shrinkage, damage, breakage, and obsolescence cost. (Schiller, 2000)

    See Also: Acquisition Cost

  • Cartage

    1. The act of carting or transporting, generally used to identify local delivery of goods received from a carrier.  2. The cost of such transportation.

  • Cartel

    An organized group (e.g., firms, countries) with an explicit agreement to fix/set prices and output shares in a particular market. (Business, 2002)

  • Cash Basis Accounting

    A financial management tool that records income when cash is actually received, and records expenses when cash is paid out. Cash basis accounting does not conform with Generally Accepted Accounting Principles (GAAP) and is generally not considered a good financial management tool because there is a time differential between recording the cause of the action (sale or provision of a service) and its results (payment or receipt of money).

    See Also: Accrual Basis Accounting

  • Cash Discount

    A reduction in the full cost of a good or service when payment is made within a specified period of time.

    See Also: Payment Terms, Prompt Payment Discount, Discount

  • Cash Flow

    The movement of money through an entity over a daily, weekly, monthly, or yearly basis. The management and monitoring of the cash flow within a business is critical to its financial well being. (Business, 2002)

  • Cash In Advance (CIA)

    Payment made to a contractor prior to initiating the performance of the contract.

  • Cash on Delivery (COD)

    A requirement for full payment for goods and services at time of receipt.

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