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  2. Functional specification - Wikipedia

    en.wikipedia.org/wiki/Functional_specification

    A functional specification is the more technical response to a matching requirements document, e.g. the Product Requirements Document "PRD" [citation needed]. Thus it picks up the results of the requirements analysis stage. On more complex systems multiple levels of functional specifications will typically nest to each other, e.g. on the system ...

  3. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    If the corrected documents cannot be supplied in time, the documents may be forwarded directly to the issuing bank in trust; effectively in the hope that the applicant will accept the documents. Documents forwarded in trust remove the payment security of a letter of credit so this route must only be used as a last resort.

  4. Integration clause - Wikipedia

    en.wikipedia.org/wiki/Integration_clause

    In contract law, an integration clause, merger clause, (sometimes, particularly in the United Kingdom, referred to as an entire agreement clause) is a clause in a written contract which declares that contract to be the complete and final agreement between the parties.

  5. Seal (contract law) - Wikipedia

    en.wikipedia.org/wiki/Seal_(contract_law)

    In England and Wales, the common law courts originally recognised only wax seals, but this requirement was gradually relaxed.By the 20th century a small circle of red adhesive paper affixed to the document in question was sufficient when an individual had to use a seal [6] (most commonly on a contract for the sale of land), although the courts also held that a circle containing the letters "L ...

  6. Public–private partnership - Wikipedia

    en.wikipedia.org/wiki/Public–private_partnership

    A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions. [1] [2] Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. [3]

  7. Memorandum - Wikipedia

    en.wikipedia.org/wiki/Memorandum

    A specific type of memorandum is the policy briefing note (alternatively referred to in various jurisdictions and governing traditions as policy issues paper, policy memoranda, or cabinet submission amongst other terms), a document for transmitting policy analysis into the political decision making sphere.

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