- packager
- packager pack‧ag‧er [ˈpækɪdʒə ǁ -ər] noun [countable]1. TRANSPORT a company that prepares goods to be sent somewhere by wrapping or packing them:
• In November, the company acquired Jimbo's Jumbos Inc., a processor and packager of peanuts.
• Manufacturers and packagers have arranged to pick up transport wrappings from retailers for recycling.
2. COMMERCE a company that puts together products, information, or other services and prepares them so they can be sold together:• Credit-card issuers are major packagers of financial information, often telling merchants how much customers spend in their stores, and how often they shop there.
• a television sports packager
3. FINANCE a financial institution that puts together and sells investments offered by other companies and financial institutions:• John Nuveen & Co. is one of the largest packagers of tax-exempt unit investment trusts.
4. FINANCE a financial institution that packages loans it has bought from lenders and sells them as bonds ➔ package2* * *
packager UK US /ˈpækɪdʒər/ noun► COMMERCE a person or company that puts products into containers so that they can be sold: »We need to recruit packagers for twisting tops on finished bottles and packaging them afterwards.
»We need the name and address of the manufacturer, packager, and seller.
»The packagers of peanut butter have designed a new type of plastic jar and cap.
»a food packager
► COMMUNICATIONS an organization or group of people that puts together news and other information, especially for use on television, radio, and the internet, or in newspapers: »There is an obligation on the main packagers and retailers of satellite channels to provide the PSBs to their subscribers at no additional cost.
»There is a big difference between the news gatherers and the news packagers, and the public should know what this is.
»How do you charge different types of data packagers for access to the primary sources of information?
► COMMERCE a company that produces books for publishers : »We need to get the full text to the company that is acting as packager of the book.
»It's a literary agency, a book packager and also a publisher in its own right.
► IT a computer program that puts together different pieces of information: »The editor packager has been modified and must be downloaded again.
► FINANCE a company that puts together and sells investments and financial products that are offered by other companies: »We are packagers for 80% of the market lenders, designing the funding to fit the requirements of the borrower.
»They are mortgage packagers who specialize in difficult mortgages on behalf of estate agents.
Financial and business terms. 2012.
