standing
noun [ U ]
uk/ˈstændɪŋ/ usthe reputation or position that someone or something has in an area of activity or an organization:
Because they are a public limited company, their financial standing is public knowledge.
improve/increase sb's standing
the time for which something has existed:
of a year's, etc. standing The society also offers a Members' Loyalty Bond for investors of two years' standing.
in good standing
a person or an organization in good standing has followed all the necessary official processes and paid the necessary charges:
The bonds were backed by prime bank securities, issued by an acceptable institution in good standing.
See also
credit standing
standing
adjective [ before noun ]
uk/ˈstændɪŋ/ uspermanent, rather than created or formed when necessary:
standing committee/contract The state has standing contracts with trucking firms to ensure it can deliver firetrucks as they're needed.