DEFINITION of 'International Organization For Standardization - ISO'

The world's largest developer and published of international standards. The ISO is a network of the national standards institutes of 163 countries, coordinated by a Central Secretariat in Geneva.


For example, in a currency context, ISO 4217 is the international standard established by the ISO that specifies the structure for the three-letter codes used to describe the many currencies used around the world.

BREAKING DOWN 'International Organization For Standardization - ISO'

The ISO 4217 Code for a currency generally consists of the country's two-character country code (ISO 3166-1 alpha-2) plus an additional character referring to its currency unit. For example, the U.S. dollar is represented by USD, the Japanese yen by JPY, and so on.

RELATED TERMS
  1. ISO Currency Code

    Three-letter alphabetic codes that represent the various currencies ...
  2. ISO 14001

    One of the subsets of ISO 14000. ISO 14001 pertains specifically ...
  3. ISO 9000

    A series of international guidelines for quality control. ISO ...
  4. Incentive Stock Option - ISO

    A type of employee stock option with a tax benefit, when you ...
  5. ISO 14000

    A set of rules and norms for environmental management of industrial ...
  6. Counter Currency

    The currency used as the reference or second currency in a currency ...
Related Articles
  1. Managing Wealth

    Introduction To Incentive Stock Options

    Here are some basic highlights of how ISOs work and the ways they can be used.
  2. Taxes

    How Are Stock Options Taxed & Reported?

    That depends on the type of stock option you have. A rundown of the tax treatment for statutory and nonstatutory, or non-qualified, options.
  3. Trading

    Getting To Grips With Energy Markets

    The wholesale energy market is quite different from traditional financial markets and potential trader need to thoroughly understand the nuances.
  4. Managing Wealth

    Get The Most Out Of Employee Stock Options

    These plans can be lucrative for employees - if they know how to avoid unnecessary taxes.
  5. Investing

    Why Countries Keep Reserve Currency

    Central banks and financial institutions hold large amounts of foreign money as their reserve currency.
  6. Taxes

    Cut Employee Stock Option Taxes With AMT Credit

    Learn how refundable AMT credits can help you save on taxes, AMT bills and more.
  7. Small Business

    Code Climate: How it Works and Makes Money

    Learn more about Code Climate and its suite of static program analysis tools used by software developers to produce and maintain high-quality software code.
  8. Investing

    The Impact Of Combining The U.S. GAAP And IFRS

    The convergence of accounting standards is changing the attitudes of CPAs and CFOs toward harmonization of international accounting.
  9. Small Business

    What is a Code of Ethics?

    A code of ethics is a collection of principles and guidelines an organization expects its employees to follow.
  10. Investing

    Will the Yuan Become an International Reserve Currency?

    Although still a matter of when, China is likely to reach a significant milestone when the International Monetary Fund decides to include the Chinese yuan in its special drawing rights basket ...
RELATED FAQS
  1. How do you conduct effective social responsibility training?

    Read about social responsibility training resources and international guidelines intended to assist organizations in their ... Read Answer >>
  2. How does the ISIN numbering system work?

    The International Securities Identification Numbering (ISIN) system is an international standard set up by the International ... Read Answer >>
  3. Is there a world currency? If so, what is it?

    There is no such thing as a world currency. However, since World War II, the dominant or reserve currency of the world has ... Read Answer >>
  4. Darth Vader, CFA, will begin a new job next week with a regional brokerage firm ...

    The correct answer is: b) Standard III(A)- Inform Employer of Code and Standards mandates that a covered person inform his ... Read Answer >>
  5. What's the difference between an IBAN and a swift code?

    Learn about IBAN and SWIFT codes, the differences between them, and how to utilize both to successfully complete any international ... Read Answer >>
  6. What does the term "stock-for-stock" mean?

    The term "stock-for-stock" is popularly used in two different contexts, and it regularly makes business news headlines in ... Read Answer >>
Hot Definitions
  1. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  2. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  3. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  4. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  5. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
  6. Four Percent Rule

    A rule of thumb used to determine the amount of funds to withdraw from a retirement account each year. The four percent rule ...
Trading Center