requirement - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “requirement”

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requirement

noun [C]
 
 
/rɪˈkwaɪəmənt/
[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 if someone or something is surplus to requirements, they are not needed: The company have said 3,000 managers are surplus to requirements.
→  See also capital requirement , central government borrowing requirement , the public sector borrowing requirement , the public sector net cash requirement , reserve requirement
(Definition of requirement from the Cambridge Business English Dictionary © Cambridge University Press)
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