Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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Hypothecate

Hypothecate: A finance, banking, and accounting reference to the use of property as collateral for a loan.
Hypothesis Testing

An act in statistics whereby an analyst tests a statistical study data sample to determine if it is consistent with or deviates from known factors of a sample population.

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