Business Dictionary :
Lay : verb : to put
To lay an embargo on trade with a country = to forbid trade with a country
: to lay off workers = to dismiss workers for a time (until more work is available)
The factory laid off half its workers because of lack of orders.
To layoff risks = to protect oneself against risk in one investment by making other investments
: action of dismissing a worker for a time
The recession has caused hundreds of lay-offs in the car industry.
: to spend money
We had to layout half our cash budget on equipping the new factory.
: arrangement of the inside of a building
They have altered the layout of the offices.
: to stop using a ship because there is no work
Half the shipping fleet is laid up by the recession.
: The Company lost $52 million last year. And it has laid off close to 2,000 employees. (Toronto Star)
: While trading conditions for the tanker are being considered, it is possible that the ship could be laid up. (Lloyd’s List)
From Lay to HOME PAGE