UK Accounting Glossary
transitive To assemble or collect something into kits or sets or to give somebody a kit. See also kit out.
The process in which individually separate but related items are grouped, packaged and supplied together as one unit. For example, in ordering a PC online, a customer may select memory, drives, peripherals, and software from several alternatives. The supplier then creates a customised kit that is assembled and shipped as one unit.
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This glossary post was last updated: 18th January 2020.