- Payment of a financial obligation later than is expected or required, as in lead and lag. Also, the number of periods that an independent variable in a regression model is "held back" in order to predict the dependent variable. The New York Times Financial Glossary
* * *1. COMMERCE to move, develop, or improve more slowly than others:
• The sales team are lagging in their progress towards this quarter's performance goals.lag behind
• US firms lag behind nations such as Germany in training their staff.2. ECONOMICS to change in amount or level at a later time than something else:
• Even after the economy begins growing, hiring new employees tends to lag.
• The increase in wages lagged behind the increase in prices through much of the decade.3. FINANCE if prices of shares, traded goods, etc lag, they do not increase:
• While silver has lagged, it hasn't been as weak as platinum.1. a delay in a change or improvement in something:
• More problematic over the long term is a lag in attitudes. The country was the least reform-minded in Eastern Europe.2. ECONOMICS a period of time that passes before an amount or level changes:
• There's usually a lag between an upturn in manufacturing activity and increased shipments of factory machinery.
• When taxes drop, the Massachusetts economy typically responds after a short lag, which used to be three years and now is half that.ˈtime laga delay between an event and another event that is caused by it or connected with it:
• There is a considerable time lag between orders and shipments.
* * *Ⅰ.lag UK US /læg/ verb (-gg-)► [I or T] to not make as much progress as other people or things: lag behind sb/sth »
Business leaders in the UK still lag behind their European counterparts in foreign language skills.lag well/far behind »
As usual we lag far behind the rest of the world in this matter.»
They continue to lag their competitors in most areas of the business.► [I] to move or make progress more slowly than usual, or to change later than something else changes: »
Business had improved considerably after lagging last year.»
There has been an upturn in business travel, but hotel prices are still lagging.Ⅱ.lag UK US /læg/ noun [C]► a delay between two things happening: »
This can mean a lag during construction projects.»
Sometimes there would be long lag times between responses.
Financial and business terms. 2012.