disposal

Vocabulary Word

Definition

The term 'disposal' refers to the action of getting rid of something, usually something that is no longer needed or wanted. It's not just about tossing it out, but doing so in a proper way.

Examples in Different Contexts

In corporate finance, disposal of assets can be part of a company’s restructuring strategy. A CFO might declare, 'The disposal of these non-performing assets will improve our financial health.'

Practice Scenarios

Business

Scenario:

We need to focus on reducing costs and making effective use of resources. This may mean removing unnecessary assets.

Response:

Yes, the disposal of our unused office furniture could save us some space and maintenance costs.

Academics

Scenario:

Our library is overcrowded with outdated materials and books. It's time to declutter and organize the resources.

Response:

I agree. Disposal of outdated materials and investing in current publications will provide more value to our students.