What does STRICT mean?

In finance, strict typically refers to a stringent adherence to rules, regulations, and guidelines. It implies a high level of discipline and control in the management of financial resources, investments, and transactions. This can include strict adherence to accounting standards, compliance with regulatory requirements, and rigorous risk management practices. In the context of lending and borrowing, strict may refer to stringent eligibility criteria and tight credit policies. Overall, being strict in finance means exercising careful and precise oversight to ensure the stability, security, and integrity of financial operations.