From BCMpedia. A Wiki Glossary for Business Continuity Management (BCM) and Disaster Recovery (DR).
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1. An Assay is an analysis done to determine the presence of a substance and the concentration of that substance such as infectious agents or antibodies.

(Source: Business Continuity Management Institute - BCM Institute)

2. An Assay is a quantitative or qualitative evaluation, or test, of a substance. Frequently used to describe tests of the presence or concentration of infectious agents or antibodies.

(Source: Centers for Disease Control and Prevention)