transparency

The degree to which a market is characterised by prompt availability of accurate price and volume information which gives participants comfort that the market is fair. LIFFE

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transparent trans‧par‧ent [trænˈspærənt, -ˈspeər- ǁ -ˈspær-, -ˈsper-] adjective

if rules, methods, or business dealings are transparent, they are clear and people can see that they are fair and honest:

• The trade agreement between Japan and the US is more transparent, and there are no secret documents.

• The regulations will force large corporations to conduct their contract awards in a transparent manner.

— transparency noun [uncountable] :

• EU laws on transparency and competition

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transparency UK US /trænˈspær^ənsi/ noun (plural transparencies)

► [U] a situation in which business and financial activities are done in an open way without secrets, so that people can trust that they are fair and honest: »

We need to strike balance between the need for transparency and respect for individual privacy.

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Using personal accounts to conduct city business reduces the transparency of the public process.

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The Treasury suggested a greater role for independent auditors to increase transparency and accountability.

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Our goal is to make sure that union leaders operate with the utmost degree of transparency.

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financial/market/corporate transparency

more/greater/improved transparency »

Consumer groups are backing demands for more transparency in car-hire pricing.

transparency in/on sth »

We need greater transparency in the market after last year's scandals.

a lack/shortage of transparency »

Concerns have been raised about a lack of transparency regarding the company's healthcare and pension liabilities.

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promote/create/ensure transparency

→ Compare OPACITY(Cf. ↑opacity)

► [C] a thin piece of clear plastic with writing or drawing on it that you can show on a wall or screen using an overhead projector: »

colour transparencies

→ See also ACETATE(Cf. ↑acetate)