The compliance
Example: Compliance ensures adherence to laws
Definition
"The compliance" in finance refers to the act or process of ensuring that a company or individual adheres to laws, regulations, and internal policies designed to prevent legal issues and maintain ethical standards within financial operations.
Etymology
The term "the compliance" derives from the Latin word 'complere,' meaning 'to fill up' or 'complete.' Over time, it evolved to mean fulfilling requirements or adhering to rules. In finance, it specifically refers to conforming to legal and regulatory standards, a meaning that became prominent with the rise of financial regulations in the 20th century.
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"The compliance" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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