The 'Seal of Approval' is a certification granted by organizations such as Good Housekeeping Institute or Underwriter's Laboratories. This certification indicates that a product has undergone rigorous testing and has met the specific standards set by the granting organization, assuring consumers of product quality, safety, and reliability.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.