Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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Search Results: 31-40 of 309 results for “C”
  • Cartel

    A organized group whose purpose is to fix prices at a high level by restricting competition.
  • Cash Discount

    A reduction in the full cost of a good or service when payment is made within a specified time period. See also: Payment Terms, Prompt Payment Discount, Discount.
  • Cash Flow

    The total amount of cash or cashequivalent that an organization pays and receives.
  • 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 the time of receipt.
  • Cause and Effect Diagram

    A graphic illustration used in quality control that helps identify and sort possible causes for a problem or effect. Also known as a Fishbone Diagram.
  • Caveat Emptor

    Latin term meaning, “Let the buyer beware.” It implies that the purchaser/buyer is responsible for the quality assurance of a product or service.
  • Caveat Venditor

    Latin term meaning, “Let the seller beware.” It implies that the seller bears responsibility for product defects and inferior quality issues and must satisfy these concerns to the buyer’s satisfaction.
  • CBD





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