downtime

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Downtime

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.

downtime

time 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.
References in periodicals archive ?
The Midas 1000, 1500, 2000 and 3000 family of production and process monitoring systems provides injection molders a full range of products to monitor basic production variables such as cycle times and downtime, as well as complex process variables.
Information for molding machines is obtained through the IMAC data acquisition unit, which performs three functions: it continually monitors up to 32 production/process parameters and reports any deviations that exceed established limits; it provides an interface which allows downtime and defect codes to be entered, production and engineering data to be reviewed, and the addition of stacklights for additional status information on the plant floor; and it furnishes an interface to quality control instruments such as digital scales, digital calipers and digital micrometers.
It receives event notifications from the Logic Manager when a system goes down or backs up and enables operators to respond to alarms and manually enter related information, such as planned downtimes.