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.
Families weighing the tax implications of monetary gifts should be aware that the yearly limit on how much a person can give to another person without paying a gift tax or raising a portion of that donorâs gift tax credit will not increase for 2014.amilies weighing the tax implications of monetary gifts should be aware that the yearly limit on how much a person can give to another person without paying a gift tax or raising a portion of that donorâs gift tax credit will not increase for 2014.