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.
Report Abuse. 1  Monetary Gift. 2  It's a money gift. 3  It means cash gifts only (which I think is a bit tacky of a request, but whatever.) If you want to dress up a cash gift, rather than just stick it in an envelope, fold the bills (use all $1 bills of course!) into flowers and make a lei out of them.