excessive profits
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 334 U.S. 742 - Lichter v. United States · 1948Most cited · 1,155 citing opinions
any amount of a contract or subcontract price which is found as a result of renegotiation to represent excessive profits." In the light of the existing administrative practices this at least expressed a congressional satisfaction with the existing specificity of the Act.