Glossary of Terms

the termination of the ability of an item to perform its required function.
Source: TESDA Circular No. 59 s. 2017

a document reporting the departure of an item from an acceptable condition.
Source: TESDA Circular No. 59 s. 2017

(in terms of assessment) opportunity given to candidates so as not to disadvantage because of their situation
Source: TESDA Circular No. 059, s. 2020

(TVET Program Registration context)  refers to the act of deliberately lying about or misrepresenting relevant documents and pieces of evidence in program registration and implementation and making them genuine or true, including the forgery of signatures, making false statements, counterfeiting the seal of the Authority or that of the TVI, or other acts that tend to misrepresent a false statement or document to be genuine
Source: TESDA Circular No. 107, s. 2021

a written or verbal report of failures, defects, shortcomings, and other experience which can be used to influence design, performance, and costs.
Source: TESDA Circular No. 59 s. 2017

a convention (generally agreed scheme) for naming things. It is a framework for naming your files in a way that describes what they contain and how they relate to other files.
Source: TESDA Circular No. 084 s. 2020

any set of information relating to natural or juridical persons to the extent that, although the information is not processed by equipment operating automatically in response to instructions given for that purpose, the set is structured, either by reference to individuals or by reference to criteria relating to individuals, in such a way that specific information relating to a particular individual is readily accessible.
Source: TESDA Data Privacy Manual version 1.0 s. 2020

is the combination of attitude, knowledge, skills, and self-efficacy needed to make and exercise money management decisions that best fit the circumstances of one’s life, within an enabling environment that includes, but is not limited to, access to appropriate financial services.
Source: Center for Financial Inclusion

refers to a measure of how well an institution can meet its short-term financial liabilities. It is calculated using the Quick Ratio Formula: (cash + marketable securities + accounts receivable) divided by current liabilities. Result which is greater than 1 (>1) will mean that the institution can meet its short-term liabilities. The values of the current assets and current liabilities shall be based on the latest Audited Financial Statements submitted to the BIR.
Source: TESDA Circular 107, s. 2021

the combination of knowledge, skills, and attitude and ultimately behaviors that translate into such financial decisions and appropriate users of financial services
Source: Center for Financial Inclusion