What do you mean by safekeeping of valuables? Safekeeping is storing assets or items of value in a safe area, such as with a custodian or financial institution. Custodians generally hold valuables for investors, while a depository can assume additional control, liability, and responsibility for the items. What is the difference between safekeeping and custody? An independent third-party in a safekeeping arrangement may be a financial institution completely separate from where the depository cash assets are being held, or it may be a separate division of that same named institution. When you put your money in a bank for safe...

What do you mean by bidding? Bidding is an offer (often competitive) to set a price tag by an individual or business for a product or service or a demand that something be done. Bidding is used to determine the cost or value of something. The price offer a business or individual is willing to sell is also called a bid. What are the different types of bidding? Types of bids include auction bids, online bids, and sealed bids. What is bidding and examples? The definition of bidding means a command, or a set of attempts to buy something at...

What is an audit map? The MAP audit looks at waste reduction, gas consumption and quality assurance to identify areas where modified atmosphere packaging processes can be optimized. Increase the packaging speed. Minimize excess gas consumption. What is an assurance map? Assurance mapping is a technique which enables a visual representation of comfort (assurance) activities as they apply to a specific set of risks or compliance requirements facing an organisation. What is the difference between assurance and compliance? Compliance vs. Assurance. Compliance involves finding out what the minimum requirements are and deciding how to meet those requirements. Assurance, on the...