downtime(redirected from Down Time)
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In investment banking, a slang term for a situation in which a bank employee does not have much to do, especially if he/she is waiting for superiors to give further directions. An employee may spend downtime working on personal matters, or he/she may simply avoid work altogether.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
downtimetime when a machine or COMPUTER is not operating correctly owing to machine failure or because the machine is being set up for the next work task (SET-UP TIME). Downtime in a factory can cause considerable loss of output and disruption to production schedules, and the aim of PREVENTIVE MAINTENANCE is to minimize such downtime. See IDLE TIME.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson