Gold Standard

Business / Taxes / Gold Standard: The gold standard is a monetary system that measures the relative value of a currency against a specific amount of gold. It was developed in England in the early 18th century when the scientist Sir Isaac Newton was Master of the English Mint. By the late 19th century, the gold standard was used throughout the world. The US was on the gold standard until 1971, when it stopped redeeming its paper currency for gold.

Other Words for Standard

Standard Noun Synonyms: criterion, measure, benchmark, model, pattern, archetype, touchstone, yardstick, gauge, guide, guideline, paradigm, paragon, exemplar, example, sample, type, ideal, beau id‚al, rule, canon, law, requirement, precept, principle
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Standard Coverage Policy

Business / Real Estate / Standard Coverage Policy: A standard coverage policy normally insures the title as it is known from the public records. In addition, the standard policy insures against such hidden defects as forged documents, conveyances by i MORE

Standard Deduction

Business / Finance / Standard Deduction: The method of calculating cost of sales that compares the amounts of materials, direct labor and overhead projected in the Cost of Sales assumption (the standard costs) to expenses allocated to the Pr MORE

Standard Costs Plus Variances

Business / Finance / Standard Costs Plus Variances: A target or average cost that can be used either to value inventory or as a basis of comparison with actual costs. Standard costs can often be used to calculate cost of sales, in which case standard c MORE

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