Fund used to account for
grouped activities that receives significant
revenue from fees and charges for those
activities. An enterprise fund charges external
end users, while an internal services fund is
paid by internal entity employees. See also:
Internal Service Fund, Enterprise Fund.
The economic policy of promoting
favored domestic industries through the use
of high tariffs and other regulations to
discourage imports. Historical variants of this
policy have included mercantilism, a trade
policy aimed at maximizing currency reserves
by running large trade surpluses; and import
substitution, a trade policy in which targeted
imports are replaced by local manufactures to
stimulate local production.
A written objection by an interested party
to a solicitation or award of a contract with
the intention of receiving a remedial result.
1. A document drafted before ratification in
which the details of a formal agreement or
treaty between countries is described.
2. A standardized set of rules for the
transmission of data.
3. A code of conduct (e.g., academic or safety
An initial version or working model of a
new product or invention. Usually constructed
and tested to evaluate the feasibility of a
design and to identify problems that need to
Public Bid Opening
The process of opening and
reading bids at the time and place specified in
a solicitation and in the presence of anyone
who wishes to attend.
An entity subject to or created by a
Public Finance Law
Legislation and regulations
governing the financial activities of an entity.
Beneficial results to the community,
usually from the provision of a good or service
by an entity.
Legislation and regulations governing
relationships between the government and
individuals; includes municipal, international,
criminal, constitutional, and administrative