Word.ws English Dictionary

time and lime

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

Noun

time and lime

  1. (dated) A contract where the shipbuilder is compensated based on the actual time spent and materials used during the construction of a vessel.
    • 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'.1967, Blackwell (publisher), The Journal of Industrial Economics, volume 17, page 13

Questions about time and lime

What does time and lime mean?
Time and lime means a contract where the shipbuilder is compensated based on the actual time spent and materials used during the construction of a vessel.
What part of speech is time and lime?
Time and lime is a noun.

Words near time and lime in the dictionary

  1. time alignment
  2. time alone will tell
  3. time and a half
  4. time and again
  5. time and frequency transfer
  6. time and lime
  7. time and material
  8. time and materials
  9. time and methods engineering
  10. time and motion expert
  11. time and motion experts

Source and license

Adapted from Wiktionary: time and lime (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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