Waiting time

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Updated: Aug 20, 2021

In business parlance, time which an employee spends idle, though not through his own fault, e.g. time spent waiting for a machine to be repaired or set up ready for use. It is obviously worthwhile to minimize this time. In some services, for example taxi driving, a charge may be made for waiting time.

Reference: The Penguin Business Dictionary, 3rd edt.



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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.