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.
You belong to a charitable organisation and donate money towards a project the group is working on. If your donation doesn't entitle you to receive anything in return, it's an unconditional gift. Donations that are unconditional gifts can include: 1  door-to-door appeals and street collections. 2  bequests. 3  voluntary school fees (but not school activity fees).