Glossary entry

English term or phrase:

$1.2 billion outfit

English answer:

company / firm / business with revenue of $1.2 bn / year

    The asker opted for community grading. The question was closed on 2012-06-06 07:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)
Jun 3, 2012 06:31
12 yrs ago
English term

$1.2 billion outfit

English Other General / Conversation / Greetings / Letters
The tax-preparation company’s 9,000 odd outlets worldwide handle roughly 34 million tax returns a year, helping the $1.2 billion outfit deliver a return on equity of 23% and record earnings in all but two of its 70 years.
Votes to reclassify question as PRO/non-PRO:

Non-PRO (2): Tony M, Charlesp

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Responses

+7
13 mins
Selected

company / firm / business with revenue of $1.2 bn / year

'outfit' is a common word for a company, business, firm, corporation, etc.

It is sometimes used slightly pejoratively, or at least dismissively — though this is by no means always the case, and I get the feeling is probably more GB usage than US; it is generally (at least in GB) a rather informal term.

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Note added at 14 mins (2012-06-03 06:46:49 GMT)
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The $1.2bn could, of course, refer to its capitalization (the 'value of the company'); however, in everyday language, it is probably more likely to be referring to the annual turnover or revenue of the company.
Peer comment(s):

agree Charles Davis
6 mins
Thanks, Charles!
agree Jack Doughty
43 mins
Thanks, Jack!
agree kmtext
44 mins
Thanks, KMT!
agree Trudy Peters : used in the US, too // Never thought of it as pejorative, just informal.
11 hrs
Thanks, Trudy! Yes, I think it has less of a pejorative connotation in the US, doesn't it? / That's right, but in the UK, there can sometimes be a negative or dismissive overtone: "What kind of gimcrack outfit is this anyway?"
agree Anita Šumer
1 day 2 hrs
Thanks, Anita!
agree Charlesp
1 day 4 hrs
Thanks, Charles!
agree Phong Le
1 day 5 hrs
Thanks, Phong Le!
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4 KudoZ points awarded for this answer. Comment: "thank you!"
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