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Sums to be forfeited to which the organization has agreed to be subjected in case of non-fulfillment of requirements. Typically, sums forfeited under contract for late delivery or non-performance or both. [D03131]

The percent defective of any given quantity of units of product is one hundred times the number of defective units of product contained therein divided by the total number of units of product, i.e.: Percent Defective = Number of Defectives x 100 divided by Number of Units Inspected. [D01161]

A percentage number representing the estimated amount of work in an activity that is finished. Editor's Note: The implication of this percentage complete (PC) number is that the remaining work or time is represented by 100% less the PC number. In fact Percentage Complete rarely bears a firm relationship to work or time remaining and hence is a very poor measure of progress. [D03882]