Markups
/ˈmɑːrkʌps/
Definitions
- (n.) Amounts added to the cost price of goods or services to cover overhead and profit.
The seller included markups on all products to ensure profitability.
- (n.) Annotations or editorial comments added to a legal document or manuscript, often during drafting or revision.
The lawyer reviewed the markups before finalizing the contract.
Forms
- markup
Related terms
See also
Commentary
In legal documents, 'markups' may refer either to pricing adjustments or to edits and comments; context determines usage.
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.