Dictionary of Procurement Terms

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Search Results: 2431-2440 of 2469 results

  • Warehouse Receipt

    An instrument showing that the signer has possession of certain described goods for storage, and obligating the signer to deliver the goods to a specified person, or to that person’s order, or bearer, upon return of the instrument.

  • Warehouse Requisition

    A document prepared by a government department or agency to remove items stocked in Inventory from the warehouse.

  • Warehousing

    The performance of those administrative and physical distribution functions incidental to and required in the conduct of the storage activity.

  • Warranty

    A promise made by a seller to a ​buyer that is legally enforceable. The promise may be expressed or implied and is legally binding.

  • Warranty of Fitness for a Particular Purpose


    See Also: Implied Warranty of Fitness for a Particular Purpose

  • Warranty of Merchantability

    See Implied Warranty of Merchantability.

    See Also: Implied Warranty of Merchantability

  • Wastage

    CANADIAN The loss in handling, shrinkage, decay, evaporation, etc.

  • Waste

    Salvageable materials which 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

  • Waste Disposal

    The act of getting rid of unwanted items.

  • Watch List

    A list of critical items that have been identified as high risk areas, which should rank order the identified risk by likelihood and priority. The items contained on the list should be those identified in risk assessment as having the greatest unacceptable impact on the program and/or ​contract, and the risk reduction tactics that have been identified and will be put into action in the event the risk materializes.

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