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Glossary

The glossary was last updated on 10/05/2016
Legal Representative

A person authorised to sign binding documents (e.g., application form, subsidy contract) on behalf of an organisation.

Local Administrative Unit (LAU)

Low level administrative division of a country, ranked below a province, region, or state. In the framework of the UIA intitative the Local Administrative Unit 2 (LAU) is considered (previously defined as NUTS5). Definition provided by Eurostat.

Lump Sum

It is a single sum of money paid to the project upon completion of pre-defined terms of agreement on activities and/or outputs. Lump sums involve approximations of costs established based on fair, equitable and verifiable calculation methods. It is one of the simplified cost options.