DEFINITION of 'International Organization for Standardization - ISO'

The International Organization for Standardization or ISO is an international nongovernmental organization made up of national standards bodies; it develops and publishes a wide range of standards.

BREAKING DOWN 'International Organization for Standardization - ISO'

The International Organization for Standardization is comprised of of 162 members, all of which are national standards bodies, and is located in Geneva, Switzerland. The organization's short name, ISO, is not an acronym, but derives from the ancient Greek ísos, meaning equal or equivalent.

ISO develops and publishes standards for a vast range of products, materials and processes. The organization's standards catalog is divided into 97 fields, which include healthcare technology, railway engineering, jewelry, clothing, metallurgy, weapons, paint, civil engineering, agriculture and aircraft.

ISO 4217 currency codes are the most commonly used abbreviations in forex trading: EUR for the euro, JPY for the yen, USD for the dollar, MXN for the Mexican peso.

  1. ISO 9000

    A series of international guidelines for quality control. ISO ...
  2. ISO 14000

    A set of rules and norms for environmental management of industrial ...
  3. American National Standards Institute ...

    An organization that oversees the creation and dissemination ...
  4. Incentive Stock Option - ISO

    An incentive stock option (ISO) is a type of employee stock option ...
  5. Intermodal Freight

    Products and raw materials that are placed in a container that ...
  6. Accounting Standards Committee ...

    A former organization under the Consultative Committee of Accountancy ...
Related Articles
  1. Taxes

    10 Tax Tips For Stock Options

    Options and restricted stock are a great perk--if you don't get caught in a tax trap. Here's what you need to know.
  2. 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.
  3. Insights

    Whole Foods 365: The Economics of Discount Organic

    Whole Foods Market is expanding its brand to create a chain of discount natural food stores called 365 by Whole Foods Market. With the high cost of producing, shipping and selling organic food, ...
  4. Investing

    Assessing Silver Standard's Valuation (SSRI)

    Silver Standard is expected to underperform where it matters the most -- on the bottom line.
  5. Insights

    Standard of Living Vs. Quality of Life

    What is the difference between a standard of living and quality of life? Find out in this breakdown.
  6. Taxes

    What IRS Form 1023 Is Used For

    To be treated as a tax-exempt organization, start by filling out this form.
  7. Investing

    Why Organic Food Is So Expensive

    Discover how organic farmers face many obstacles. Learn why your organics cost so much more than conventional foods and if there is any hope for falling prices.
  8. Personal Finance

    How Fiduciary and Suitability Standards Differ

    There are big differences between how advisors and brokers qualify investments for clients.
  9. Investing

    Why Standard Deviation Should Matter to Investors

    Think of standard deviation as a thermometer for risk, or better yet, anxiety.
  10. Personal Finance

    Managing Your Employer Stock Holdings

    Investors should not be complacent when it comes to holdings in an employer's stock.
  1. Do all countries follow the same GAAP?

    Learn about GAAP and IFRS accounting standards, and understand the difficulties in having a basic set of accounting principles ... Read Answer >>
  2. What is a relative standard error?

    Find out how to distinguish between mean, standard deviation, standard error and relative standard error in statistical survey ... Read Answer >>
  3. What does standard deviation measure in a portfolio?

    Dig deeper into the investment uses of and mathematical principles behind standard deviation as a measurement of portfolio ... Read Answer >>
  4. How is standard deviation used to determine risk?

    Understand the basics of calculation and interpretation of standard deviation, and how it is used to measure risk in the ... Read Answer >>
Hot Definitions
  1. Federal Funds Rate

    The federal funds rate is the interest rate at which a depository institution lends funds maintained at the Federal Reserve ...
  2. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  3. Standard Deviation

    A measure of the dispersion of a set of data from its mean, calculated as the square root of the variance. The more spread ...
  4. Entrepreneur

    An entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture.
  5. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  6. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
Trading Center