Markup
/ˈmɑːrkʌp/
Definitions
- (n.) An amount added to the cost price of goods to cover overhead and profit.
The retailer applied a 20% markup on all products.
- (n.) Annotations or coding added to a document, especially for formatting or processing purposes.
The contract was saved in a markup language for easy editing.
Forms
- markups
Related terms
Commentary
In legal drafting, 'markup' often refers to revisions or annotated changes in documents, distinct from commercial price adjustments.
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.