(1). An international tax term used, for some reason, by some European tax authorities in place of “mandatory”, probably as the result of some consultant’s report, the production of which undoubtedly was a waste of taxpayer money.
(1). A caveat added to a promise to complete a task requested after a known or stated deadline, often used by operations to pre-emptively excuse the fact that they have absolutely no intention of completing the annoyingly last-minute request in the first place.
“Well, given that it’s 4:30 on a Friday, running a report of all your transactions since 1996 by the end of the week is going to be on a best efforts basis…”