formation


formation
formation for‧ma‧tion [fɔːˈmeɪʆn ǁ fɔːr-] noun [uncountable]
the forming of a company, organization, or committee:

• The government backs the formation of a single environment agency covering Scotland as well as England and Wales.

— see also capital formation

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formation UK US /fɔːˈmeɪʃən/ noun [U]
the development or creation of a company, organization, etc.: »

His company has made excellent progress since its formation three years ago.

»

The arts center is completing the formation of a search committee for a new chief executive officer.

See also CAPITAL FORMATION(Cf. ↑capital formation)

Financial and business terms. 2012.

Synonyms: