OBSOLESCENCE
Property or items that experience a rapid fall in usefulness, value or competitiveness are characterized as being obsolete. It occurs due to the availability of cheaper and better alternatives or due to
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OBSTRUCTION OF JUSTICE
The noncompliance with the legal system by interfering with (1) the law administration or procedures, (2) not fully disclosing information or falsifying statements, and (3) inflicting damage on an officer, juror or
OPERATIONAL PERFORMANCE
The performance of the company against prescribed standards, such as compliance with regulations, waste reduction, productivity, etc.
MORAL SUASION
Monetary policy governmental guidance as a tool to persuade financial institutions to follow suggested guidelines on the availability and cost of credit, instead of lawmaking power to mandate. Before mandatory compliance through
FUNCTIONAL REGULATION
Authorized third-party oversight required by government. Typically, financial services companies receive this oversight. Intent is proven compliance by managed operations to prudent and fair-mannered processes.
FORM SDF
Shipping bills accuracy, completeness, and compliance is attested by exporters to customs authorities by submitting this form. An exporter confirms the buyers payment is equal to the full export value stated on
HORSEPOWER (HP)
The way the power of an engine is rated. It is also used on US hotels using star ratings from 1 to 5. There is no standard way to do this so
FORMAL ORGANIZATION
An organization’s written, specific, approved rules set to govern its procedures and operations. These rules leave little room for misunderstandings. These rules may be strictly adhered to for compliance, or, as in
FULL ASSESSMENT
Compliance with regulatory standards in all areas, for all scenarios, under all conditions is thoroughly checked. Records, interviews, and direct observations occur to determine that specific personnel, facilities, processes, and operations exist
ENVIRONMENTAL AUDIT
1. Evaluation; Current status of an organization’s compliance to local environmental laws and regulations is established by a independent third party assessment. 2. Financial advantages and disadvantages of moving to a more
EQUAL OPPORTUNITY EMPLOYER (EOE)
An employer who overt advertises to being in compliance with the principle of equal opportunity. The focus is typically hiring and promotion practices. Such an employer will not discriminate and will terminate
CONFORMANCE
A certification that an item meets requirements and standards of a contract. Refer to compliance.
TITLE
The radical meaning of this word appears to be that of a mark, style, or designation; a distinctive appellation; the way by which anything is known. Thus, in the law of persons,
ASSENT
Compliance; approval of something done; a declaration of willingness to do something in compliance with a request. Norton v. Davis, 83 Tex. 32, 18 S. W. 430; Appeal of Pittsburgh, 115 Pa.
MODUS
thing invented, made on a reduced scale, In compliance with the patent laws. See State v. Fox, 25 N. J. Law, 5G6; Montana Ore Purchasing Co. v. Roston, etc., Min Co., 27
OBEDIENCE
Compliance with a command. prohibition, or known law and rule of duty prescribed; the performance of what is required or enjoined by authority, or the abstaining from what is prohibited, in compliance
