- reform
- ▪ I. reform reform 2 noun [countable, uncountable]a change made to a system, law, organization etc so that it operates in a fairer or more effective way:
• radical reforms of the company taxation system
• There is an urgent need for economic reform.
[m0] ▪ II. reform re‧form 1 [rɪˈfɔːm ǁ -ɔːrm] verb [transitive]to change a system, law, organization etc so that it operates in a fairer or more effective way:• The government has announced its plans to reform the tax system.
— reformer noun [countable] :• The reformers will have to keep public support on their side if their bold economic experiments are to succeed.
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Ⅰ.reform UK US /rɪˈfɔːm/ noun [C or U]► an improvement or set of improvements made to a system, law, organization, etc. in order to make it more modern or effective: reform of sth »Essential reform of the banking sector is under way.
reforms in sth »He has called for reforms in the retirement system for years.
banking/economic/tax reform »Corporate tax reform has left companies uncertain about future tax bills.
»Market reforms have opened the doors to greater competition.
»fundamental/major/radical reforms
Ⅱ.reform UK US /rɪˈfɔːm/ verb [T]► to make an improvement to a system, a law, an organization, etc., in order to make it more modern or effective: »reform the economy/the tax system, etc.
»Corporation tax will be reformed to raise more revenue.
Financial and business terms. 2012.
