Glossary
Commitments & Rates

Amortised Cost

Upfront and committed charges spread evenly across the period they cover, rather than recorded in the month they were paid.
Useful for comparing costs across periods because prepaid or committed purchases are distributed over their benefit period.

Related terms

Commitments & Rates

Blended Rate

An average rate calculated across all accounts in a consolidated billing family for a given usage type.
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Commitments & Rates

Cloud Waste

Spend that produces no business value: idle capacity, orphaned resources, over provisioning and unused commitments.
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Commitments & Rates

Commitment Utilisation

The percentage of purchased commitment capacity that is actually consumed in a period.
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