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PONC

PONC
1. Abbreviation for PON Code. The proposed postcode addressing system used in Ireland (subsequently renamed to Loc8).

PONC is pronounced "Punk".

See PON Code for details.

2. Price Of Non Conformance. A method used to assign a financial cost to non conformance with standards. PONC is the costs associated with faults and problems arising from non-conformance or poor quality.

For more information see: