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This is the equivalent of mint condition in numismatics. Fine (F or FN) is "as new" but allowing for the normal effects of time on an unused book that has been protected. A fine book shows no damage. Very good (VG) describes a book that is worn but untorn. For many collectors this is the minimum acceptable condition for all but the rarest items.
In any technical subject, words commonly used in everyday life acquire very specific technical meanings, and confusion can arise when someone is uncertain of the intended meaning of a word. This article explains the differences in meaning between some technical terms used in economics and the corresponding terms in everyday usage.
It is a sister site to The Free Dictionary and usage examples in the form of "references in classic literature" taken from the site's collection are used on The Free Dictionary 's definition pages. In addition, double-clicking on a word in the site's collection of reference materials brings up the word's definition on The Free Dictionary.
The present tense used in the condition clause may take the form of the simple present as in the above examples, or the present progressive, present perfect or present perfect progressive as appropriate (according to general principles for uses of English verb forms):
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Wherever logic is applied, especially in mathematical discussions, it has the same meaning as above: it is an abbreviation for if and only if, indicating that one statement is both necessary and sufficient for the other. This is an example of mathematical jargon (although, as noted above, if is more often used than iff in statements of definition).
As is" is a phrase used to indicate the existing condition of something without any modifications or improvements. [1] The term is employed in legal, business, and consumer settings to establish that an item or property is being sold or provided in its current condition, [2] [3] with no warranties or guarantees regarding its quality. [4] [5]
The Oxford English Dictionary (OED) is the principal historical dictionary of the English language, published by Oxford University Press (OUP), a University of Oxford publishing house. The dictionary, which published its first edition in 1884, traces the historical development of the English language, providing a comprehensive resource to ...