ISO

See International Standards Organization Euroclear Clearing and Settlement glossary

* * *

ISO ISO [ˌaɪ es ˈəʊ, ˈaɪsəʊ ǁ -oʊ] noun

1. COMMERCE ORGANIZATIONS the name used internationally for the International Organization for Standardization, whose purpose is to establish international standards for services, goods and industrial methods

2. ISO 9000 COMMERCE the ISO's quality standard for companies producing goods:

• The process of qualifying for ISO 9000 will improve organizations' quality systems.

3. ISO 9001/​9002 COMMERCE the ISO's quality standards for companies providing services:

• The bank's clearing system was the first in the world to be awarded an ISO 9002 certificate.

4. ISO 14000 COMMERCE the ISO's quality standard for subjects relating to the environment and recycling (= using materials more than once)

* * *

ISO UK US noun

► COMMERCE International Organization for Standardization: an organization that makes international rules about the quality of products and services: »

An updated ISO standard gives design recommendations for hand controls that should improve driving safety.

► STOCK MARKET ABBREVIATION for incentive stock option: a stock option on which no tax has to be paid until it is sold, if certain rules are followed. ISOs are given to executives as a reward or as part of their pay: »

You have immature ISO stock if you acquired the stock by exercising an incentive stock option and haven't yet satisfied the special holding period.

»

The company has granted ISOs to four of its directors.

► E-COMMERCE ABBREVIATION for independent service organization: a company that accepts credit card payments made on the internet