- park
- ▪ I. park park 1 [pɑːk ǁ pɑːrk] noun [countable]industrial/science/business/retail park also office park PROPERTY an area of land where there are several small businesses or factories. The buildings there are often rented from local government:
• Stapleton Airport became an industrial park after the opening of Denver's new airport.
• Several large corporations have their regional headquarters in the business park.
if someone parks money, shares etc they leave them with another person or organization. If an investor does this to hide the fact that they own the money, shares etc, they are breaking the law:• Fund assets are parked to avoid exposing too large a portion to the risk of loss in the markets.
• He was accused of helping investors park stock to conceal their true ownership.
— parking noun [uncountable] :• He pleaded guilty to one count of engaging in a stock parking arrangement with a speculator.
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Ⅰ.park UK US /pɑːk/ noun [C]► an area of land used by businesses, factories, shops, etc.: »a business/retail/industrial park
Ⅱ.park UK US /pɑːk/ verb► [I or T] to leave a vehicle somewhere for a period: »Staff park their cars in front of the main building.
»There's nowhere to park on the street.
► [T] INFORMAL FINANCE if you park money, an investment, etc. you leave it with another person or organization for a period of time. This is sometimes done to avoid tax and is illegal if it is done to hide the fact that you own something: park sth in sth »More investors are seeking to park their money in an off-shore location.
»The funds were parked in an anonymous account.
► [T] INFORMAL MEETINGS if you park an idea, problem, etc. you decide not to deal with it until later: »Let's park this issue for a moment and return to it later in the meeting.
Financial and business terms. 2012.