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.
Monetary Payments. Some deeds (e.g., warranty deeds) expect that there will be a monetary payment to accompany the transfer of ownership of the property. Other deeds (e.g., gift deeds) can only be used if there is no monetary payment involved. Quitclaims can be used in either case.