R&D

Definition

Research And Development. Discovering new knowledge about products, processes, and services, and then applying that knowledge to create new and improved products, processes, and services that fill market needs.

Use R&D in a sentence

The corporation's R&D team was well funded and constantly coming up with new ideas and products that would revolutionize the marketplace.

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The pharmaceutical company I work for has a large R&D division that is dedicated to finding new drugs for our company to sell to patients.

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When a company is interested in introducing a new product to their existing line they typically have their R&D department examine it for consumer usability.

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off-balance-sheet financing in-process research and development