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

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English definition of “territory”

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territory

noun
 
 
/ˈterɪtəri/ ( plural territories)
[C or U] an area of a town, country, etc. that someone has responsibility for in their job: A salesman's failure to achieve apparently realistic targets might be due to a change in the size of his territory. Europe has been very fertile territory for our products.
[C or U] land that belongs to a particular country: The island is a territory of Australia. The four new oil contracts will amount to a half billion dollars worth of foreign investment in their territory.
[C or U] an area of knowledge or activity: This is a territory that lies somewhere between mainstream sport and video games. Online selling was new territory for us.
[U] FINANCE the general level of a price, amount, value, etc.: Crude oil prices are approaching unchartered territory. Persistent production problems helped drive oil prices further into record territory yesterday.
sth comes/goes with the territory something always or often happens in a particular situation and you must accept it: It is never easy to accept criticism, but it comes with the territory.
→  See also negative territory , positive territory
(Definition of territory from the Cambridge Business English Dictionary © Cambridge University Press)
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