Best practices are used to maintain quality as an alternative to mandatory legislated standards and can be based on self-assessment or benchmarking. Best practice is a feature of accredited management standards such as ISO 9000 and ISO 14001.
Definition of monetary. : of or relating to money or to the mechanisms by which it is supplied to and circulates in the economy a crime committed for monetary gain a government's monetary policy.
Gifting money to family members isn't just a nice thing to do for them -- it might result in a little tax relief, too. The transfer tax laws that govern gifts to family members are generally kind. In addition to money, gifts can include such things as cars, houses and stocks. These transfer laws are far-reaching, benefiting average citizens who want to gift a few hundred or a few thousand dollars as well as those who want to give a lot more. And many of these laws arenât limited to gifts to relatives.