Financial standing
07.07.2013 10:58

Financial standing

1) Term used in operator licensing to indicate whether a licence applicant/holder has sufficient funds to be able to operate his vehicles both legally and safely.

This is an essential requirement for licence holders under both UK and EC law.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.93 (288 p.)




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