That is because most of the words, though they make sense, are not commonly used in daily or spoken English. There are millions of such unusual words that exist in the dictionary, but we are unaware of them. Given here is a list of some such strange and weird unusual words that are often overlooked by us.
The Common Reporting Standard is an information standard for the automatic exchange of tax and financial information on a global level, which the Organisation for Economic Co-operation and Development developed in 2014. Its purpose is to combat tax evasion. The idea was based on the USA Foreign Account Tax Compliance Act implementation agreements and its legal basis is the Convention on Mutual Administrative Assistance in Tax Matters. As of 2016, 83 countries had signed an agreement to implement
Standards are all around us, even if we are not always aware of them. One example of a widely-used standard is the A4 size for sheets of paper. A standard is a document that sets out requirements for a specific item, material, component, system or service, or describes in detail a particular method or procedure.Standards facilitate international trade by ensuring compatibility and interoperability of components, products and services.herefore, a European Standard (EN) automatically becomes a national standard in each of the 33 CEN-CENELEC member countries. Standards are voluntary which means that there is no automatic legal obligation to apply them. However, laws and regulations may refer to standards and even make compliance with them compulsory.