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.
Definition. Monetary aid or financial aid that is given to an entity or country for purposes of growth or reconstructing growth. For example, following natural disasters, a fiscal package is often given to a country to rebuild infrastructures, help victims, or to spend in other ways that the recipient sees fit.