package
noun [ C ]
uk/ˈpækɪdʒ/ us COMMUNICATIONS (UK also parcel)
an object or collection of objects wrapped in paper or other similar material and sent by mail, etc.:
She's gone to collect a package from the post-room.
postage rates for letters and packages
This service enables you to track your package online.
COMMERCE US (UK packet)
a small container in which objects are sold:
a package of cookies/candy
HR, WORKPLACE
the pay and other advantages that a company manager receives:
The salary package offered for this position is a very tempting one.
She was offered an early-retirement package.
COMMERCE
a collection of products or services that are supplied to the customer as a set:
Our aim is to offer a comprehensive care package for the client.
The hotel enjoys an excellent reputation for the quality of its wedding packages, which are also very flexible.
IT
a collection of computer programs that are supplied to the customer as a set :
The company produces accountancy software packages for small businesses.
Many word-processing packages include useful extras such as a spelling checker, thesaurus, and mailing list management.
informal
→ package holiday
See also
benefit noun
compensation package
pay package
redundancy package
remuneration package
salary package
severance package
package
verb [ T ]
uk/ˈpækɪdʒ/ us COMMERCE
to wrap goods or put them into containers to be sold or sent somewhere:
All orders received before 3pm are packaged and shipped the same day.
Small items have to be individually packaged to ensure safe delivery to the customer.
COMMERCE
to put different goods and services together to sell as a set:
package sth with sth The album is packaged with an informative booklet.
MARKETING informal
to describe or show someone or something in a way that aims to make them seem more attractive:
The facts are neatly packaged by our PR team before they go out to the public.
package yourself as sth They spent millions on packaging themselves as a responsible, caring company.
package yourself for sth There are books that advise you on how to package yourself for a top job.
FINANCE, STOCK MARKET
to buy loans from other financial organizations and sell them as bonds. Investors receive their profits from the regular payments made towards the original loans:
Citibank took a major role in the business of packaging loan receivables and selling them as securities.
BANKING, FINANCE
to help a business apply for a loan by using special market knowledge to provide the right information and to contact the lenders that are most likely to provide the money:
Costs for their packaging service vary depending on the complexity of the loan being packaged.