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

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English definition of “situation”

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situation

noun [C]
 
 
/ˌsɪtjuˈeɪʃən/
the conditions that exist at a particular time and place: Some dealers have taken advantage of the situation by adding £1,000 or more to the suggested retail price. The airline did a good job of dealing with a very difficult situation. economic/financial/political situation
the particular position of a building, business, city, etc.: Florida's situation is ideal for making use of major sources of ocean power.
old-fashioned a job
→  See also Situations Vacant , Situations Wanted , special situation
(Definition of situation from the Cambridge Business English Dictionary © Cambridge University Press)
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