operational (adjective, op-er-a-tion-al, \ ˌɑːpəˈreɪʃənəl \) lag (noun, lag, \ læɡ \)
Definition: is a period of time between the moment when a procedure or an operational policy is implemented and the point when it comes into effect. In other words, an operational lag is the amount of time, which a certain operational policy takes to achieve its intended effects. Operational lag signifies a time interval that a policy or an action takes to have an impact on the income or other business operations. The term is the most prevalently used in the field of monetary operations, especially in the tax-related spheres.
In a Sentence:
- An operational lag is based on numerous processes and can take a lot of time.
- There was an operational lag, so we weren’t able to see the results right away.
- It is best to create multiple plans that can be executed in case of an operational lag.
Synonyms and related words: impact lag, effects lag, operational assessment, operational efficiency, operational performance, operational policies
