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Meaning of time and lime | Babel Free

Noun CEFR C1

Definitions

A contract where the shipbuilder is compensated based on the actual time spent and materials used during the construction of a vessel.

dated

Examples

“Naval building may also be assumed to be generally profitable since so much of it has the character of prototype construction and tends to be on 'time and lime'.”

CEFR level

C1

Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

time and material time and materials time and methods engineering time and motion expert time and motion study time and tide wait for no man