FULL COST RECOVERY Definition

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FULL COST RECOVERY is adjusting fees/prices for goods/services to where all cost of operations and maintenance are covered for supplying the given goods or services.

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MONETARY is anything pertaining to or having to do with money, money creation, money supply, and the government management of money.

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

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