suspension

suspension definition - business

suspension

  1. The temporary halting of an activity such as making payments or producing a product until corrective action is taken. For example, a government agency suspends financial assistance until the recipient makes changes in its accounting procedures.
  2. Discipline of an employee who is placed on temporary status without pay or duties.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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