Actuals
/ˈækʧuəlz/
Definitions
- (pl. n.) Plural of actual, referring to actual expenses, costs, or quantities as opposed to estimates or projections in legal and financial contexts.
The contract requires payment based on actuals rather than estimated costs.
Forms
- actual
Related terms
See also
Commentary
In legal and financial documentation, 'actuals' specifically denotes the real incurred amounts, which is critical for clarity in contract performance and accounting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.