Define: Waste

UK Accounting Glossary

Definition: Waste



What is the dictionary definition of Waste?

Dictionary Definition


  1. (Spoilage) The volume of material lost during the production process. Acceptable levels of waste, (which are known as normal losses), are part of the cost of production, as such, they are allowed for in the production process.
  2. Refers to any process (or activity) that doesn’t add value.

Also:

  1. A wasteland; an uninhabited desolate region; a wilderness or desert.
  2. A place that has been laid waste or destroyed.
  3. A large tract of uncultivated land.

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Synonyms For Waste


lose, garbage, wasting, wasted, squander


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/waste/
Modern Language Association (MLA):
Waste. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 01, 2020 https://payrollheaven.com/define/waste/.
Chicago Manual of Style (CMS):
Waste. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/waste/ (accessed: April 01, 2020).
American Psychological Association (APA):
Waste. PayrollHeaven.com. Retrieved April 01, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/waste/

Definition Sources


Definitions for Waste are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th January 2019.