validity definition

validity

General: Period for which an agreement, bid or offer, claim, document, etc., remains in force.

Banking: Period for which a letter of credit remains effective and during which its beneficiary must meet all its requirements.

Degree to which an instrument, selection process, statistical technique, or test measures what it is supposed to measure.

validity is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Statistics, Mathematics, & Analysis subjects.

validity appears in the definitions of the following terms: content related validity (CRV), forfaiting, life cycle processing, private international law, latest date for presentation, proxy server, formal logic, open ended question, criterion-related validity, contract of carriage and

validity appears in the other terms: measurement validity, content-related validity, test validity

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