formal Meaning in Cambridge Business English Dictionary
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Meaning of "formal" - Business English Dictionary

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formal

adjective
 
 
/ˈfɔːməl/
stated or agreed in writing: a formal agreement/contract/offer They are required to make a binding formal offer and then publish an offer document within 28 days.
done publicly or officially: a formal announcement/discussion/investigation The two companies began formal discussions to renegotiate the $2.8 billion power project.
used to describe clothing that is suitable for important or official occasions: Please note that formal dress is not required at the dinner.
used to describe education or training that is received in a school or college: Lacking formal education, he worked as a sharecropper and journeyman laborer to support his family.
ECONOMICS used to describe businesses that are officially recognized, pay taxes, etc.: In Mexico small and medium-sized enterprises generate six out of ten jobs in the formal sector.
formally adverb
(Definition of formal from the Cambridge Business English Dictionary © Cambridge University Press)
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