certification(redirected from CNP)
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- a means of recording the details of a transaction in SHARES involving noting on the TRANSFER DEED that the SHARE CERTIFICATE has been placed with the company or its representative. Certification is necessary where a seller is not selling all of his shareholding or where a block of shares are bought by more than one person to enable new share certificates to be issued which reflect the new ownership of the shares.
- a status granted by a manufacturer to a supplier which is able to demonstrate that it is able to achieve consistent QUALITY in the materials or components it supplies. The materials or components supplied by a certified supplier can be used directly by the manufacturer without the need for INSPECTION of these items. See QUALITY CONTROL.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson