Surplussing Meaning: Definition, Examples, and Translations
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surplussing
[ˈsɜːrpləsɪŋ ]
Definition
financial term
Surplussing refers to the act of disposing of excess assets or inventory that is no longer needed or used by an organization. This can occur during financial evaluations when a business assesses its resources and decides which items to sell, donate, or otherwise eliminate from its balance sheet. Surplussing is often part of broader financial strategies aimed at streamlining operations and improving efficiency.
Synonyms
disposing, liquidating, selling off.
Examples of usage
- The company is surplussing outdated machinery to make room for new equipment.
- After the audit, the organization began surplussing surplus supplies to reduce costs.
- The school district is surplussing unwanted textbooks to benefit local libraries.
Translations
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Origin of 'surplussing'
The term 'surplussing' is derived from the word 'surplus', which has its roots in the Latin word 'supra', meaning 'above' or 'over', combined with 'plere', meaning 'to fill'. Historically, surplus referred to an excess amount remaining after requirements have been met. Over time, the concept of surplus evolved within economic contexts, notably in relation to goods, finances, and resources. The act of surplussing began to take shape as businesses recognized the necessity to manage excess inventory and optimize efficiency. This has become increasingly relevant in modern economic practices, with organizations striving for lean operations and judicious resource management.