Acceptable Quality Level (AQL)
1. The specified minimum performance that
must be achieved by a good or service to
ensure the entity that the good or service will
perform as per the specifications or scope of
2. A predetermined quality level that has been
deemed acceptable, generally used in the
manufacturing of material items. Example:
AQL of 1% defective rate is acceptable for this
item. See also: Acceptance Sampling
1. Indication that all parties to the contract
agree to be bound by the terms of the
2. An indication by one party of a willingness to
act in accordance with the contract or offer.
3. The assumption of a legal obligation by a
party to a contract and to the terms and
conditions of that contract.
4. The act of receiving the good or service by an
authorized representative with the intention of
approving the good or service for payment.
May include transfer of title.
Acceptance of Offer
The agreement of the
Supplier to deliver the goods ordered for the
Acceptance of Order
The agreement of the
purchaser to an offer submitted by a supplier.
Acceptance Sampling (Acceptance Testing)
quality control technique used to evaluate the
overall condition of a given lot by physically
inspecting a portion or sample of the lot. See
also: Acceptable Quality Level (AQL).
Accessorial Transportation Charge
The cost that
a carrier may charge in addition to the actual
freight transportation charge, such as inside
delivery, interim storage, and redelivery
charges. (ISM Glossary 2000)
A list or enumeration of monetary
transactions between parties to a contract,
showing purchases, payments, and credits for
goods or services.
The principle that employees who
accept an assignment and the authority to
carry it out are answerable to a superior or a
higher authority for the outcome. See also:
Accountable. (Business 2002)
The concept that a person is
obliged to give a reckoning or explanation for
one’s actions; responsible. See also:
1. Financial obligations that arise as a result of
making credit purchases.
2. An accounting function that is responsible for
making payment to contractors according to
the contract terms and conditions.
3. Liability accounts that indicate the charges
owed on open accounts.