Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “equalization”

equalization

noun [U] (UK also equalisation)     /ˌiːkwəlaɪˈzeɪʃən/ US   /ˌiːkwəlɪˈzeɪʃən/
PROPERTY, TAX in the US and Canada, a process in which each local tax authority tries to make sure that the amount of tax to pay on a property is calculated at the same percentage of its value as other properties: The county's equalization director confirmed that property values had come to a standstill, rising only 1.6% over a 12-month period.
the process of making laws or treatment the same for all people or companies in a group or place: equalization of sth There are new rules which allow for the gradual equalization of pensions between men and women.
(Definition of equalization noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of equalization

More Business English definitions for “equalization”

Word of the Day

exercise

physical activity that you do to make your body strong and healthy

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More