good-standing

Vocabulary Word

Definition

'Good standing' means you're fulfilling your duties or obligations completely and properly. It's being seen as reliable and trustworthy in a group, organization or community.

Examples in Different Contexts

In business, 'good standing' means a company is meeting legal requirements. A CEO might say, 'Our company maintains good standing by adhering to all regulatory standards.'

Practice Scenarios

Business

Scenario:

Looks like we have met all our commitments in a timely manner this quarter. What's the feedback from our audit team?

Response:

The audit report came back positive. We've maintained our good standing with regulatory bodies for another year.

Impact

Scenario:

We have completed all the initiatives we planned at this stage. Have donations increased since we achieved our environmental targets?

Response:

Since reaching our environmental targets, donations have increased, further improving our good-standing with supporters.