Related Terms. Colorless, odorless, combustible, and lethal gas produced by incomplete combustion of fossil fuels (coal, natural gas, petroleum), biomass, and carbon containing products (such as wood). CO is a hematopoietic agent because hemoglobin in blood can absorb it 200 times more than oxygen.
Indirect Costs (definition extracted from FAR Part 31.2) An indirect cost is any cost not directly identified with a single, final cost objective, but identified with two or more final cost objectives or an intermediate cost objective. It is not subject to treatment as a direct cost.
Indirect costs are the cost of conducting business that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with specific projects (such as individual grants or contracts) or with a specific activities (such as instruction, research, public service).