transparency

/trænˈspærənsi/ noun (plural transparencies)

Definition

› [U] a situation in which business and financial activities are done in an open way without secrets, so that people can trust that they are fair and honest: We need to strike balance between the need for transparency and respect for individual privacy. Using personal accounts to conduct city business reduces the transparency of the public process. The Treasury suggested a greater role for independent auditors to increase transparency and accountability. Our goal is to make sure that union leaders operate with the utmost degree of transparency. financial/market/corporate transparencymore/greater/improved transparency Consumer groups are backing demands for more transparency in car-hire pricing.transparency in/on sth We need greater transparency in the market after last year's scandals.a lack/shortage of transparency Concerns have been raised about a lack of transparency regarding the company's healthcare and pension liabilities. promote/create/ensure transparency → Compare opacity

› [C] a thin piece of clear plastic with writing or drawing on it that you can show on a wall or screen using an overhead projector: colour transparencies → See also acetate

(Definition of transparency noun from the Cambridge Business English Dictionary © Cambridge University Press)