CUP

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CUP

The ISO 4217 currency code for Cuban Peso.

CUP

ISO 4217 code for the Cuban peso. The peso is one of two official currencies in Cuba, the other being the convertible peso. The CUP has no official value outside of Cuba; to convert CUP, one must first convert it to convertible pesos, which are then exchangeable for other currencies. Most workers receive portions of their salaries in both currencies; they buy basic items like food with CUP and use convertible pesos for luxury goods.

conditional use permit (CUP)

(pronounced “cup”) A permit granted to a property owner to make use of real property in a manner allowed under current zoning regulations, but only in accordance with conditions to be applied by the zoning authority. Houses of worship may be allowed in areas zoned for residential use,but the applicant may be required to obtain a conditional use permit that can be predicated on size, off-street parking availability, indirect nighttime lighting, and other such factors determined on a case-by-case basis. Contrast with variance, in which the property owner is given permission to use the property in a manner inconsistent with current zoning regulations.