ISO
noun
ukus COMMERCE
International Organization for Standardization: an organization that makes international rules about the quality of products and services:
An updated ISO standard gives design recommendations for hand controls that should improve driving safety.
STOCK MARKET
abbreviation for incentive stock option: a stock option on which no tax has to be paid until it is sold, if certain rules are followed. ISOs are given to executives as a reward or as part of their pay:
You have immature ISO stock if you acquired the stock by exercising an incentive stock option and haven't yet satisfied the special holding period.
The company has granted ISOs to four of its directors.
E-COMMERCE
abbreviation for independent service organization: a company that accepts credit card payments made on the internet