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 for English Language Learners. : 1  of or relating to money. : 2  of or relating to the money in a country's economy.
How the lifetime exclusion works. If you stay within the $14,000 annual exclusion, giving monetary gifts can be pretty simple. Things get a bit more complicated when an individual gives more than $14,000 ($28,000 for a married couple) to any one person during the course of a year.