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.
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.