Dictionary of Procurement Terms

See Implied Warranty of Merchantability.

Salvageable materials that are damaged, defective, deteriorated, or residue from operations with little or no market value. The selling expenses exceed the value, and the materials are discarded. See also: Hazardous Material (HAZMAT), Scrap.

The act of getting rid of unwanted items.

A list of critical items that have been identified as high-risk areas and that are ranked by likelihood and priority. The items on the list should be those identified in risk assessments as having the greatest unacceptable impact on a program and/or contract.

A transportation record that shows the origin of a shipment, its destination, and may contain other information such as route, consignor, consignee, description of the shipment, and the billing amount.

Broadcast of an audio and/or video presentation over the internet in real time or on-demand.

The total combined weight of an article, its shipping container, and packing material. (ISM 2000)