practice noun - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “practice”

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practice

noun
 
 
/ˈpræktɪs/
[U] action as opposed to thoughts, ideas, or plans: in practice We'll need a year at least to see whether this new approach will work in practice.put sth into practice We are beginning to put the new processes and systems into practice.
[U] LAW the work done by people such as lawyers, doctors, etc. which involves long periods of training and high levels of skill: He trained in private practice in Glasgow.go into/set up in practice After graduation, he pursued a doctorate in pharmacology instead of going into practice.
[C] LAW the business or place of work of people such as lawyers, doctors, etc.: run/start a practice He runs a legal practice that rivals some of the biggest commercial law firms in the country. a dental/legal/medical practice a group/private practice join/leave a practice
[C or U] the way of doing things in a particular business, industry, etc.: common/standard/usual practice It is common practice in the building industry to cost all items gross.bad/best/good practice The insurance firm has issued a warning report to its members, highlighting breaches of best practice.practice of doing sth The company was fined over its continued practice of employing illegal immigrants.adopt/follow/introduce a practice More and more companies worldwide have begun to adopt the practice of preparing sustainability reports.accounting/business/management practices Shares in the company fell after it revealed that regulators were reviewing its accounting practices. employment/labour/working practices
→  See also code of practice , custom noun , fire practice , general practice , restrictive practice , sharp practice
(Definition of practice noun from the Cambridge Business English Dictionary © Cambridge University Press)
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