ISO

(redirected from JTC1)
Also found in: Dictionary, Medical, Acronyms, Encyclopedia.

ISO

International Organization for Standardization

A non-governmental organization that sets standard codes for countries and currencies. ISO sets the ISO 3166 codes for countries and provinces, which are used in international banking transactions and shipping. Likewise, it sets the ISO 4217 codes for individual currencies. ISO has its headquarters in Geneva, Switzerland, and, because its standards are usually adopted into the law of member states, it is more powerful than most other NGOs.

Incentive stock option (ISO).

Corporate executives may be granted incentive stock options (ISOs), also called qualifying stock options. These options aren't taxed when they're granted or exercised, but only when the underlying shares are sold.

If, after exercising the options, participating executives keep the shares for the required period, any earnings from selling the shares are taxed at the owner's long-term capital gains rate.

However, stock option transactions may make sellers vulnerable to the alternative minimum tax (AMT).

ISO

see INTERNATIONAL STANDARDIZATION ORGANIZATION.
References in periodicals archive ?
What relationship would we expect to find between JTC1 and W3C?
Another difference between W3C and JTC1 concerns revenue.
In its new effort to embrace the results of consortia, JTC1 is allowing one of its subcommittees (in this case, SC 24) to enter a special relationship with W3C.
Initial technical development work is done primarily in W3C with provision for JTC1 participation.
An exciting battle is being fought on the JTC1 PAS field between Sun and its allies and their enemies.
If the draft is approved at each of those stages, it finally faces a vote at the JTC1 level, and if successful, is then an ISO standard.
In the fast-track process, existing members of JTC1 can submit a document for approval as a standard directly to the top level.
The PAS process is similar to the fast-track process in that an organization can submit a specification directly to JTC1 for approval.
Alan Messer, chair of the UPnP Forum Steering Committee, said, "With submission of the UPnP Device Architecture and all published DCPs to JTC1, a major milestone to increase adoption worldwide of UPnP technology has been achieved.
ISO/IEC 19770-1 is the result of close cooperation between Investors in Software (IiS), members of the standards community (in particular ISO/IEC JTC1 SC7 WG21), the ITIL community, and the SAM community with support from the Swedish and British national standards institutes (SIS and BSI).
Eighteen subcommittees of JTC1 address a wide range of information and communication technology matters.
ODF was approved as an OASIS Standard in May 2005 and was submitted by OASIS to the ISO/IEC JTC1 (International Organization for Standardization International Electrotechnical Commission's Joint Technical Committee) for further approval as a de jure standard.