application-processing

Vocabulary Word

Definition

In 'application-processing', 'application' refers to a formal request (like for a job or for a loan), and 'processing' means examining or assessing this request. So, it's about dealing systematically with this request.

Examples in Different Contexts

In loan applications, 'application processing' involves assessing the applicant's financial information, credit history, and eligibility for the loan. A loan officer might explain, 'Application processing is critical for determining the risk and potential of each loan application we receive.'

Practice Scenarios

Business

Scenario:

We've had many loan requests recently. Our team has to be diligent to handle the surge.

Response:

Yes, our application-processing capabilities must be up to the task to handle loan requests efficiently.

Tech

Scenario:

The new software update seems to be slowing down the response time. Let's investigate what's causing the issue.

Response:

That could be due to issues in application-processing. Let's conduct a performance audit to identify the bottlenecks.