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What does LAC stand for?

LAC stands for Latest Acquisition Cost

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Military and Government

See other definitions of LAC

Other Resources:
We have 405 other meanings of LAC in our Acronym Attic

Samples in periodicals archive:

Exchange Pricing (EP): Past vs Present Standard Price (SP) = Latest Acquisition Cost + Cost Recovery Rate (CRR) Exchange Price (EP) = Loaded Repair Cost + Cost Recovery Rate (CRR) Exchange Pricing Tenets * Shift from past credit on turn-in to charge of "delta" (SP minus EP) if not turned in within Delay Days Period (DDP) (60 days set by HQDA) * No unserviceable credit for Army customers * NSNs with on an existing or planned national repair program have an assigned EP value * Serviceable Exchange Price Return (SEPR) credited for serviceable turn-in PAST ENGINE, DIESEL: Standard price: $494,832.
My latest acquisition cost $40 and features one anthropomorphic concoction saying "I love you" to another, whose reply reads "That's where the similarities between us end.