REQUIREMENT definition in the Cambridge English Dictionary

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  • The current version of Item 5 of the Form requires the reporting of revenue by industry and product codes developed by Census to track economic activity in the United States.
  • As a result, the Commission now believes that it can further revise revenue reporting requirements to make reported revenue information more informative for the Agencies and less burdensome for filing parties.
  • Products are continuously becoming more complex with more lines of code and additional software — some of which allow for even greater connectivity.
  • An estimate of the relative transmissibility of wild-type and variant is thus required.
  • The proposed changes require filing parties to provide information about subsidies received from foreign entities of concern, as discussed in more detail below.

Parties making such filings attest in their affidavit that a term sheet or draft agreement that describes with specificity the scope of the transaction that will be consummated has been submitted with the executed letter of intent or agreement in principle. Item 2 of the Form currently requires the identification of any UPE that is not required to file, and the Commission is not proposing any material changes to this requirement. The Commission proposes creating a Transaction Description section within the proposed Instructions to reorganize information currently required in the Transaction Description portion of Item 3 of the Form, and to expand the required information, as described below. The Tariff Act definition of “subsidy” is consistent with the definition in the World Trade Organization’s Agreement on Subsidies and Countervailing Measures (“SCM”), to which the United States is a party.

ITIL certification paths

Acquisitions of small companies can cause harm, including in sectors where competition occurs on a local level. When the Agencies determine that a firm is violating Section 7 through a pattern of serial acquisitions that fuels consolidation by eliminating local competitors, they can seek to prevent future violations but this is often insufficient to prevent widespread harm. A pattern of serial acquisitions may also affect competition among innovative firms by consolidating innovation efforts into the hands of market leaders or other firms attempting to control the pace or direction of innovation. A history of acquisitions in the same or related business lines may be especially important information where market boundaries are fluid and firms engage in a significant number of nonreportable transactions.

definition of requirement

Additionally, the proposed requirements to provide narratives regarding transaction rationale, diagrams of the transaction, and organizational charts for custodians of documents would be applicable to all filers. Yet the Form does not collect any information about employees that would allow the Agencies to conduct an initial screening for potential labor market effects, which has materially hampered their ability to protect employees from the harmful effects of mergers. To identify whether the filing persons compete to employ the same types of workers in a particular geographic area, the Commission proposes requiring certain information concerning each filing person’s workers before the transaction and any plans that would affect workers post-consummation.


The Commission proposes requiring additional information about the reported entities within the filing persons. This limitation still provides the Agencies with sufficient information to identify transactions that may further a trend toward concentration or patterns of acquisitions that may, alone or in combination, substantially lessen competition. Moreover, given the difficulties in determining the value of small or nascent companies, the Commission believes it would be less burdensome for filers to report all acquisitions rather than what is requirement expend additional time in assessing their value in terms of net sales or assets. The Commission invites comment on ways to limit the burden and exclude de minimis acquisitions of no competitive significance while still capturing acquisitions of entities worth less than $10 million and allowing the Agencies to conduct a robust screening for acquisition strategies that further consolidation trends. These are codes that represent industries in which the Agencies often determine that competition occurs on a local or regional basis.

Thus, the Commission estimates an average of 107 additional hours will be allocated to non-index filings. Added to the current estimate 37 hours, the total estimated hours would be 144 per filing. The proposed Parties section within the proposed Instructions would require the identification of the acquiring and acquired persons and the acquiring and acquired entities.

From our Multilingual Translation Dictionary

Digital requirements management is a beneficial way to capture, trace, analyze and manage requirements changes. Digital management ensures changes are tracked in a secure, central location, and it allows for strengthened collaboration between team members. Increased transparency minimizes duplicate work and enhances agility while helping to ensure requirements adhere to standards and compliance. Issues in requirements management are often cited as major causes of project failures.

definition of requirement

Thus, along with providing best practices for incident management and continual improvement, it also addresses cloud computing, automation, AI, DevOps, Agile and more . ITIL is a global framework of best practices for IT service management focused on reducing risk, improving customer relations, and supporting IT environments. Read on to explore what ITIL certification is, its benefits, and the path to ITIL certification.

More meanings of requirement

Congress identified those threats as “foreign entities of concern” as defined in section of the Infrastructure and Jobs Act, 42 U.S.C. 18741, and required the Commission to collect information about subsidies from these entities as part of HSR Filings. Premerger Notification Office (“PNO”) staff must review each HSR Filing to ensure it complies with the HSR Rules. Staff at both Agencies initially review the information and documents for substantive antitrust concerns, identify and assess the relevant facts, conduct a preliminary antitrust analysis, form preliminary recommendations regarding the investigation’s direction, and communicate those recommendations within each Agency.

The requirements should be documented, actionable, measurable, testable, traceable, related to identified business needs or opportunities, and defined to a level of detail sufficient for system design. Coloring outside the lines – e.g., Users wanting more control do not just input things that meet the requirements management definition of “user requirement” or priority level, but insert design details or favored vendor characteristic as user requirements or everything their office says as the highest possible priority. This is partly due to the complexity of computer software and the fact that users don’t know what they want before they see it. This characteristic of requirements has led to requirements management studies and practices.

Synonyms of requirement

If a group of people prepared the document, list all the authors and their titles, identifying the principal authors. Alternatively, it is acceptable to indicate that the document was prepared under the supervision of the lead author and to provide the name and title of that author. If the filing person engaged a third party to prepare a document, provide the name of the third party, and the name, title, and company name for the individual within the filing person who supervised the creation of the document, or for whom the document was prepared. For materials received from a third party that was not engaged by the filing person, only the name of the third party is required. The filing fee is based on the aggregate total value of assets, voting securities, and controlling non-corporate interests to be held as a result of the acquisition. Filing fee tiers are adjusted annually pursuant to 15 U.S.C. 18a based on the change in gross national product, in accordance with 15 U.S.C. 19.

These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘requirement.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Per a study done of 20,000 brides by Real Weddings back in 2010, the average cost of being a bridesmaid was $1,695 when keeping in mind requirements of traveling to the wedding, the dress, hair and makeup worn for the event, as well as bridal shower and bachelorette party costs, gifts and more. Embraced by the Justice Department during the Obama and Biden administrations, but not during Donald J. Trump’s presidency, consent decrees can include hundreds of requirements, cost millions of dollars and last so long that residents forget what success was supposed to look like.

requirement | Business English

In the case of limited partnerships, Item 6 currently does not require the identification of limited partners, even if they hold 5% or more. At the time this item was adopted, the Commission understood that limited partners had no control over the operations of the fund or portfolio companies and therefore did not see them as essential to the Agencies’ initial review. However, after more than a decade, the Commission now believes that it is inappropriate to make generalizations regarding the role of investors in limited partnership structures.

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