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standardization
(redirected from Non-standard)

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.

standardization

Regulation of a company's products so that products are homogeneous. Uniformity and interchangeability of products and parts allows mass production of those products and the resulting economy of scale. Against the benefits that standardization brings must be weighed the restrictions on product range and the inability to deliver highly customized products.



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There are a growing number of lenders who will consider applications for problem remortgages This is an indication of the growth in the market for home loan applications from borrowers with non-standard credit histories and financial situations over the past few years There are a growing number of lenders who will consider applications for problem remortgages.
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