The half-noble (three shillings and four pence = 40 pence) and, two years later, the quarter-noble of one shilling and eight pence (20 pence) were also issued. These new coins were of the correct weight for the values assigned to them.
Both definitions of AFE refer to money a business or other organization spends, but that is where the similarity ends. An authorization for expenditure must be followed up by an actual cost accounting, as a project may come in under or over the authorized budget.
SAE International. This article is about the Society of Automotive Engineers. For other organizations named SAE, see SAE. SAE International, initially established as the Society of Automotive Engineers, is a U.S.-based, globally active professional association and standards developing organization for engineering professionals in various industries. Principal emphasis is placed on transport industries such as automotive, aerospace, and commercial vehicles.