Stock in Process definition

Stock in Process means Raw Stock which has undergone any ageing, seasoning, mechanical or other process of manufacture at the Insured's premises but which has not become Finished Stock.
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Stock in Process means “raw stock” which has undergone any aging, seasoning, mechanical or other process of manufacturing but which has not become “finished stock”.
Sample 1Sample 2Sample 3
Stock in Process means “raw stock” which has undergone any ageing, seasoning, mechanical or other process of manufacture at the “premises”, but which has not become “finished stock”.
Sample 1Sample 2Sample 3

Examples of Stock in Process in a sentence

  • The cost of finished goods and Stock in Process comprises Raw material, Direct Material, Direct Labour, other direct costs and related production overhead upto the relevant stage of completion.

  • Raw Materials, Stock in Process, Stores and Spares are valued at cost and net of credits under the scheme of Cenvat Rules and VAT Rules.

  • Inventories are valued as follows:Raw materials, components, stores and spares Stock in Process and Finished goods Lower of cost and net realizable value.

  • Inventories have been valued as under:-- Finished Goods including in transit has been valued at cost or market value whichever is less.- Loose yarn is valued at cost.- Stock in Process is valued at Cost.- Raw Materials are valued at cost.- Stores & Spare Parts, Colour &Chemicals, Packing Materials and Oil and Fuel are valued at cost.- Stock of Cotton Waste/Scrap is valued at estimated realisable value.

  • Your Company’s Buildings, Plant and Machinery, Tool, Electrical installations, Stock in Process, Finished Goods and Raw Materials have been adequately insured.

  • As compared to other applications for the PBV Program and other subsidized housing developments in the county.

  • Finished Goods and Stock in Process are valued at Net Realisable Value.

  • Raw Materials, Stock in Process, finished Goods, other stocks and debtors, second charge over fixed assets and personal guarantee of two directors of Company and others.

  • Inventories have been valued on the following basis:• Raw Materials and Stock in Process at lower of the direct cost including overheads, if any, and net realisable value.• Spare parts and consumables at lower of cost or net realisable value.• Finished goods at the lower of cost (inclusive of excise duty, if any) or net realisable value.• Bought-out items at lower of cost or net realisable value.• The Cost is calculated using FIFO method and the Net realisable value as certified by the Management.

  • Goods kept for sale by the Insured which are not Raw Stock, Stock in Process orFinished Stock.


More Definitions of Stock in Process

Stock in Process. “raw stock” which has undergone any aging, seasoning, mechanical or other process of manufacture at the locations herein described, but which has not become “finished stock”.
Sample 1
Stock in Process means raw stock which has undergone any aging, seasoning, mechanical or other process of manufacture at the locations described but which has not become finished stock.
Sample 1Sample 2
Stock in Process means product that has been ---------------- removed from Raw Materials inventory and as to which the spinning and/or production process has begun and which has not been completed, tested and prepared for use as Raw Materials.
Sample 1

Related to Stock in Process

  • Work in Process means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

  • In process means the student has received at least one dose of the required immunizations and is waiting the minimum time interval to receive the additional dose(s).

  • Construction-in-Process means cash expenditures for land and improvements (including indirect costs internally allocated and development costs) determined in accordance with GAAP for all Properties that are under development or will commence development within twelve months from any date of determination.

  • Work in Progress means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

  • Registered in the System for Award Management (SAM) database means that—

  • Nursery stock means all domesticated or wild botanically classified hardy perennial or biennial trees, shrubs, vines, and other plants; cuttings, grafts, scions, buds, bulbs, rhizomes, or roots of any of these; and fruit pits. Nursery stock includes plants and plant parts for, or capable of, propagation, excepting field, vegetable, and flower seeds, corms, and tubers.

  • Registered in the System for Award Management (SAM means that–

  • Combination carrier means a ship designed to carry either oil or solid cargoes in bulk.

  • Construction in Progress means each Property that is either (a) new ground up construction or (b) under renovation in which (i) greater than thirty percent (30%) of the square footage of such Property is unavailable for occupancy due to renovation and (ii) no rents are being paid on such square footage. A Property will cease to be classified as “Construction in Progress” on the earlier to occur of (A) the time that such Property has an Occupancy Rate of greater than eighty percent (80%), or (B) one hundred eighty (180) days after completion of construction or renovation of such Property, as applicable.

  • Exfiltration means any unauthorized release of data from within an information system. This includes copying the data through covert network channels or the copying of data to unauthorized media.

  • Combination of vehicles means a truck or truck tractor and

  • Membrane filtration means a pressure or vacuum driven separation process in which particulate matter larger than one micrometer is rejected by an engineered barrier, primarily through a size exclusion mechanism, and which has a measurable removal efficiency of a target organism that can be verified through the application of a direct integrity test. This definition includes the common membrane technologies of microfiltration, ultrafiltration, nanofiltration, and reverse osmosis.

  • Sale Process means all matters relating to the sale of the Business and the review of strategic alternatives with respect to the Business, and all activities in connection therewith, including matters relating to (a) the solicitation of proposals from and negotiations with third parties in connection with the sale of the Business or Excluded Assets or (b) the drafting, negotiation or interpretation of any of the provisions of this Agreement or the other Transaction Documents, or the determination of the allocation of any assets or Liabilities pursuant to the foregoing agreements or the transactions contemplated thereby.

  • Manufactured home park means any tract of land upon which three or more manufactured or mobile homes used for habitation are parked, either free of charge or for revenue purposes, and includes any roadway, building, structure, vehicle, or enclosure used or intended for use as a part of the facilities of the park. "Manufactured home park" does not include any of the following:

  • Cannabis waste means waste that is not hazardous waste, as defined in Public Resources Code section 40141, that contains cannabis and that has been made unusable and unrecognizable in the manner prescribed in sections 5054 and 5055 of this division.

  • Process Wastewater means any water which, during manufacturing or processing, comes into direct contact with or results from the production or use of any raw material, intermediate product, finished product, by-product, or waste product.

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

  • Manufactured Home Park or Subdivision means a parcel (or contiguous parcels) of land divided into two or more manufactured home lots for rent or sale.

  • Automotive Wax, Polish, Sealant or Glaze means a product designed to seal out moisture, increase gloss, or otherwise enhance a motor vehicle’s painted surfaces. “Automotive Wax, Polish, Sealant or Glaze” includes, but is not limited to, products designed for use in autobody repair shops and “drive-through” car washes, as well as products designed for the general public. “Automotive Wax, Polish, Sealant or Glaze” does not include “Automotive Rubbing or Polishing Compounds”, automotive wash and wax products, surfactant-containing car wash products, and products designed for use on unpainted surfaces such as bare metal, chrome, glass, or plastic.

  • Cemetery merchandise means merchandise described in section 4(1)(k)(i).

  • Palletized unit load means a MIL-STD-129 defined quantity of items, packed or unpacked, arranged on a pallet in a specified manner and secured, strapped, or fastened on the pallet so that the whole palletized load is handled as a single unit. A palletized or skidded load is not considered to be a shipping container. A loaded 463L System pallet is not considered to be a palletized unit load. Refer to the Defense Transportation Regulation, DoD 4500.9-R, Part II, Chapter 203, for marking of 463L System pallets.

  • Mobile food unit means a vehicle-mounted food service establishment designed to be readily movable.

  • Manufactured home means a structure, transportable in one or more sections, which is built on a permanent chassis and is designed for use with or without a permanent foundation when attached to the required utilities. The term "manufactured home" does not include a "recreational vehicle".

  • Containers means any ISO standard container(s) with a maximum height of 9’6” including any reefer and/or other special containers, provided they meet ISO standards.

  • Fortified wine means any wine, of more than sixteen percent (16%) and no more than twenty-four percent (24%) alcohol by volume, made by fermentation from grapes, fruits, berries, rice, or honey; or by the addition of pure cane, beet, or dextrose sugar; or by the addition of pure brandy from the same type of grape, fruit, berry, rice, or honey that is contained in the base wine and produced in accordance with the regulations of the United States.

  • Existing Manufactured Home Park or Manufactured Home Subdivision means a manufactured home park or subdivision for which the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including, at a minimum, the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads) was completed before the initial effective date of the floodplain management regulations adopted by the community.