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English definition of “statement of principles”

statement of principles

noun [C]     (plural statements of principles)
a statement in which a person or organization describes their beliefs and intentions : He will call for a ' statement of principles ' which sets out which areas are controlled by the EU and which are handled by national governments . We need a clear statement of principles , backed up by firm commitments .
(also Statement of Principles) ( abbreviation SOP) ACCOUNTING in the UK, an official set of rules published by the Accounting Standards Board for company accounts : Issue costs are not assets as defined in the Board's draft Statement of Principles .
(Definition of statement of principles noun from the Cambridge Business English Dictionary © Cambridge University Press)
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