Code of practice

 

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Code of practice

An agreement that certain professions can sign up to in which they agree to act or serve in a certain way and which therefore protects the consumer in areas (such as estate agency) which are not regulated by an institution.



Code of practice

Similar Matches

Foreign Corrupt Practices Act

Foreign Corrupt Practices Act

U.S. law, enacted 1977, that prohibits U.S. firms from bribing foreign officials to obtain or retain business. The law permits, however, facilitating payments.


Government procurement practice

Government procurement practice

The methods by which units of government and state-owned enterprises determine from whom to purchase goods and services. When these methods include a preference for domestic firms, they constitute an NTB. Subject of a Tokyo Round Code, later a WTO plurilateral agreement.


Restrictive business practice

Restrictive business practice

Action by a firm or group of firms to restrict entry by other firms, that is, to prevent other firms from selling their product or in their market. This is a restraint of competition and would normally be illegal under competition policy.


Uniform Customs and Practices (Brochure 500)

Uniform Customs and Practices (Brochure 500)

International Chamber of Commerce rules (commonly referred to as UCP 500 or ICC 500), that are used for Letters of credit. These letters then become legally binding when written into the text of the letter.


Normal investment practice

Normal investment practice

The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue.


Further Suggestions

Uniform practice code
Rules of fair practice
Foreign Corrupt Practices Act


 
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