STROUD POUND
Local, private currency used in Stroud, Gloucestershire. Launched in 2009, it is an initiative supporting and stimulating the local economy by engaging consumers to purchase locally produced goods and services to develop businesses and jobs. The local currency is structured on the chiemgauer, a local currency in southern Germany. The Stroud Pound Co-op Ltd. administered the currency. Each Stroud pound is recorded and backed by sterling pound in a designated bank account.
POPULAR TERMS
Property Tax
Local governments assess property tax on real estates. The tax is often based on the property’s value.
Onerous Contract
A contract that produces products or services for a bigger amount that would be anticipated profit. A lease contract is an example of onerous contr ...
Overhead
It is an accounting term that refers to all current business expenses not including o direct labor, direct materials or third-party expenses which ...
Substitute
Product or service replacing and satisfying the need of a consumer. This can be perfect or imperfect, depending on whether the substitute partially ...
Materials Requirement Planning - MRP
A production planning and inventory control system designed to manage manufacturing processes and production. A software based integrated informati ...
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