Dictionary of Procurement Terms

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

Search the Dictionary of Terms

Search Results: 131-140 of 2469 results

  • Appeal Rights

    The legal right to challenge the agency and ask for a decision to be reviewed and changed.

    See Also: Appeal, Appeal Process

  • Appellate Court

    A court that hears cases appealed from lower courts. (Garner, 2004)

  • Appropriation

    The authorization to expend public funds for a specific purpose. Funds that have been set aside for a specific purpose. (Schiller, 2000)

  • Approval Date

    CANADIAN The date on which a procurement document was approved by the appropriate authority.

  • Approved Equal


    See Also: Equal or Approved Equal

  • Approved Products List

    A list of products that have been evaluated and determined to be capable of satisfactory performance for a specific application. The list typically contains product or manufacturer numbers and their corresponding suppliers. Also known as Approved Brands List (ABL).

    See Also: Approved Source List, Acceptable Products List (APL), ABL (Approved Brands List)

  • Approved Source List

    CANADIAN A list of Suppliers that can supply specific goods and services and are approved on the basis of the suitability of their facilities and capabilities.

  • AQL


    See Also: Acceptable Quality Level (AQL)

  • Arbitrage

    The purchase of securities in one market for immediate resale in another financial market to profit from a price discrepancy. Used frequently in international currency transactions to profit from currency fluctuations. Aberrations in financial markets used to make a profit. (Business, 2002)

  • Arbitrary and Capricious

    Actions by whim or caprice, with irrational disregard of facts or circumstances. May be the basis for courts to overrule or remand an administrative decision or ministerial action by a purchaser. A public official’s improper use of discretionary powers to the detriment of the public good.