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.
Best Answer: SAE is an acronym for the Society of Automotive Engineers and when used in conjunction with tool grade or measurement (not oil), is a standardized unit of non-metric measurement. Simply put, in measurements it means Non-Metric.