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UNE Policy Library Glossary

The UNE Policy Library Glossary is a list of terms and their standard definitions for policies, procedures and guidelines.  Our Glossary is currently being developed and will be available for use in late 2017.  During the Glossary's development, please rely on the definitions of terms located at the bottom of each UNE Policy document.  We will advise the University community as soon as the Glossary takes effect.

Please contact the Policy and Governance Unit if you require further information.


Fair Value

The price that would be received to sell an asset in an orderly transaction between market participants at measurement date.

Festal Gown

Is a gown used at graduation ceremonies and special occasions which are coloured rather than the usual black for Bachelor and Master's gowns. Doctorate candidates are authorised to wear garments of brighter colours ie scarlet.

Formal Learning

Is the learning that takes place through a structured program of learning that leads to the full or partial achievement of an officially accredited qualification.

Formative Assessment

Refers to a range of formal and informal assessment components evaluated in order for the unit coordinator to modify teaching and learning support to improve student attainment during a unit. Purely formative assessment does not carry any weighting towards a student's aggregate mark and final grade in the unit.