Stock in Process definition
Stock in Process means Raw Stock which has undergone any ageing, seasoning, mechanical or other process of manufacture at the Insured's premises but which has not become Finished Stock.
Stock in Process means “raw stock” which has undergone any ageing, seasoning, mechanical or other process of manufacture at the “premises”, but which has not become “finished stock”.
Stock in Process means “raw stock” which has undergone any aging, seasoning, mechanical or other process of manufacturing but which has not become “finished stock”.
Examples of Stock in Process in a sentence
For Stock in Process, the value of raw materials and labour expended plus the proportion of overhead charges attributable to that Stock in Process.
More Definitions of Stock in Process
Stock in Process means product that has been ---------------- removed from Raw Materials inventory and as to which the spinning and/or production process has begun and which has not been completed, tested and prepared for use as Raw Materials.
Stock in Process. “raw stock” which has undergone any aging, seasoning, mechanical or other process of manufacture at the location(s) herein described, but which has not become “finished stock”.