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.
Best Answer: Generally, no. A grant is a cash gift, and it's yours to keep. However, there ARE circumstances in which you would be required to return a grant - if you do not use the grant for the purpose for which it was intended. One obvious example is the US government's Pell Grant.