requirement
noun [ C ]
uk/rɪˈkwaɪəmənt/ us [ usually plural ]
what is wanted or needed by someone:
I've been asked to estimate our budget requirements for next year.
meet/suit sb's requirements The design has been adapted to meet customer requirements.
an official rule about something that it is necessary to have or to do:
I am afraid the safety system fails to meet minimum requirements.
It is a requirement that an announcement be made at each stage of any possible venture.
a legal/necessary requirement
a visa/work/graduation requirement
be surplus to requirements
if someone or something is surplus to requirements, they are not needed:
The company have said 3,000 managers are surplus to requirements.
See also
capital requirement
central government borrowing requirement
the public sector borrowing requirement
the public sector net cash requirement
reserve requirement