Meaning of “oversight” in the English Dictionary

"oversight" in American English

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oversightnoun

us /ˈoʊ·vərˌsɑɪt/

oversight noun (MISTAKE)

[ C ] a mistake caused by a failure to notice or do something:

Because of a bank oversight, the money had not been credited to my account.

oversight noun (MANAGEMENT)

(Definition of “oversight” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"oversight" in Business English

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oversightnoun

uk /ˈəʊvəsaɪt/ us

[ U ] LAW, GOVERNMENT, MANAGEMENT systems or actions to control an activity and make sure that it is done correctly and legally:

In commodity trading, key goods such as oil or uranium are traded with almost no oversight.
government/regulatory oversight Lawmakers are questioning whether the industry needs more government oversight.
oversight of sth The report criticized weak oversight of the contractors.

[ C ] a mistake made because of a failure to notice something:

For a development targeting families, a lack of four-bed houses is an oversight.
We apologize for this oversight.

(Definition of “oversight” from the Cambridge Business English Dictionary © Cambridge University Press)