A US measure for displays where it is one column wide by one inch deep with a gutter of 1/8 inch between the columns.

The length of time it takes in order to produce a quality service or product.

A work order containing all of the relevant information that is required for completion.

Degree of care a prudent and reasonable person will exercise under the circumstances. See duty of care.

The level of even handedness used in dispensing justice where claims are recognized in order of legal and contractual priority.

The type of value that is used in transactions such as book value, adjusted basis value etc.

A uniform price that is pre-established for services or goods that is based on cost of replacement, historical prices or the analysis of it competitive market position.

Term for state mandated provisions appearing an policies issued in that state.

An article that is approved for procurement, issue or storage and is normally kept at hand.

1. General. Written limit, definition or rule that is approved and monitored by an agency as the minimum benchmark acceptable. 2. GATT defection. “Technical specifications contained in a document that lays characteristics

1. Held as a reserve, substitute or spare to use when needed. 2. Passenger ticket with no reservation but takes the next available seat.

Mechanism of contingent capital where the lender gives a commitment to advance money on demand or at a future date.

A governments obligations of expenditure not requiring a vote or any statutory provisions.

Committee charged with assigning work continuously. See Ad hoc committee.

1. Agreement where the vendor allows the buyer to purchase goods and services at a set price for a set period of time. 2. Irrevocable offer renewed automatically after a closing date

1. Banking. Payment that is pre-authorized where the account holder asks ate bank to pay an amount from their account to a party regularly. See direct debit payment. 2. Purchasing. Orders that

US version of Benet Scale for intelligence measuring that was introduced in 1916 by A. Term from Stanford University.

Genus of a gram-positive, grape shaped bacteria not forming spores causing food poisoning and infections that lead to meningitis, pneumonia etc.

A food that is consumed on a regular basis and provides most of a community’s calorie needs.

Goods that are bought and consumed on a regular basis such as milk, bread, sugar.