requirement

requirement
requirement re‧quire‧ment [rɪˈkwaɪəmənt ǁ -ˈkwaɪr-] noun
1. [countable] something that an official organization says a company or person must have or do:

• There are deed restrictions, including a requirement that the buyer live in the property.

2. [countable] something that someone needs or wants:

• a product thatmeets customer requirements

• Nuclear power plants generate a fifth of U.S. electricity requirements.

ˌcapital reˈquirement FINANCE
1. [countable] the capital needed by a company to operate, grow etc:

• The company's working capital requirement was decreasing.

2. [countable] the capital that a government says that a financial institution must have in relation to the amount that it lends, so that it can operate safely:

• The Fed believes higher capital requirements are needed to deter unusually risky lending by banks.

ˌcentral ˌgovernment ˈborrowing reˌquirement abbreviation CGBR [singular]
ECONOMICS the amount of money that a government needs to borrow in a particular period of time:

• improvements in public sector finances that have greatly reduced the central government borrowing requirement

ˌpublic ˌsector ˈborrowing reˌquirement abbreviation PSBR [singular]
ECONOMICS the amount that a government has to borrow in a particular period of time to cover the difference between the money it gets from taxes and the amount it spends:

• At that time, the public sector borrowing requirement was lower than the financial deficit because of the proceeds from privatisation.

reˈserve reˌquirement [countable]
FINANCE an amount of money the government says that banks must possess, or leave with the central bank, calculated in relation to the amount of the loans that they make:

• Reducing reserve requirements eases credit conditions.

* * *

requirement UK US /rɪˈkwaɪəmənt/ noun [C]
► [usually plural] what is wanted or needed by someone: »

I've been asked to estimate our budget requirements for next year.

 meet/suit sb's requirements »

The design has been adapted to meet customer requirements.

► an official rule about something that it is necessary to have or to do: »

I am afraid the safety system fails to meet minimum requirements.

 »

It is a requirement that an announcement be made at each stage of any possible venture.

 »

a legal/necessary requirement

 »

a visa/work/graduation requirement

● be surplus to requirements — Cf. be surplus to requirements
→ See also CAPITAL REQUIREMENT(Cf. ↑capital requirement), CENTRAL GOVERNMENT BORROWING REQUIREMENT(Cf. ↑central government borrowing requirement), THE PUBLIC SECTOR BORROWING REQUIREMENT(Cf. ↑the public sector borrowing requirement), THE PUBLIC SECTOR NET CASH REQUIREMENT(Cf. ↑the public sector net cash requirement), RESERVE REQUIREMENT(Cf. ↑reserve requirement)

Financial and business terms. 2012.

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Look at other dictionaries:

  • requirement — requirement, requisite, prerequisite can all mean something that is regarded as necessary to the success or perfection of a thing. Although requirement, the more general term, may be employed in place of requisite, it is the customary term when… …   New Dictionary of Synonyms

  • Requirement — Re*quire ment ( ment), n. 1. The act of requiring; demand; requisition. [1913 Webster] 2. That which is required; an imperative or authoritative command; an essential condition; something needed or necessary; a need. [1913 Webster] One of those… …   The Collaborative International Dictionary of English

  • requirement — I noun adjuration, behest, bidding, call, claim, command, commandment, compulsion, conscription, constraint, decree, decretal, demand, dictate, direction, directive, edict, enforcement, enjoinment, essential, essential desideratum, exaction,… …   Law dictionary

  • requirement — (n.) 1520s, from REQUIRE (Cf. require) + MENT (Cf. ment). Related: Requirements …   Etymology dictionary

  • requirement — ► NOUN 1) something required; a need. 2) something specified as compulsory …   English terms dictionary

  • requirement — [ri kwīr′mənt] n. 1. the act or an instance of requiring 2. something required; something obligatory or demanded, as a condition [the requirements for college entrance] 3. something needed; necessity; need …   English World dictionary

  • Requirement — In engineering, a requirement is a singular documented need of what a particular product or service should be or do. It is most commonly used in a formal sense in systems engineering or software engineering. It is a statement that identifies a… …   Wikipedia

  • requirement — noun ADJECTIVE ▪ absolute ▪ There s no absolute requirement to disclose your age. ▪ necessary ▪ core, important, key, main …   Collocations dictionary

  • requirement — n. 1) to establish, set requirements 2) to fill, fulfill, meet, satisfy a requirement 3) to waive a requirement 4) admission, entrance; distributional (AE); legal; minimum; physical requirements 5) a requirement that + clause; subj. (this… …   Combinatory dictionary

  • Requirement — (Roget s Thesaurus) < N PARAG:Requirement >N GRP: N 1 Sgm: N 1 requirement requirement need wants necessities Sgm: N 1 necessaries necessaries necessaries of life Sgm: N 1 stress stress exigency pinch sine qua non …   English dictionary for students

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