Definition of “approximation” - English Dictionary

“approximation” in Business English

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approximationnoun [ C, usually singular ]

uk /əˌprɒksɪˈmeɪʃən/ us

a figure that is close to a particular number or time but not exactly that number or time:

Sales-tax receipts provide an approximation of retail sales.

something that is similar to another thing but not exactly the same:

approximation to sth A closer approximation to the truth is that he started out as a genuine entrepreneur.

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