Glossary
Commitments & Rates

Committed Spend

Spend contractually promised to a provider over a fixed term in exchange for discounted rates.
Represents a future spending obligation that should be considered when forecasting and managing flexibility.

Related terms

Commitments & Rates

Amortised Cost

Upfront and committed charges spread evenly across the period they cover, rather than recorded in the month they were paid.
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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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