Relationship

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1. Noun.

A connection between organisations, individuals or other entities or concepts.

Often a positive and mutually beneficial connection.


2. Adjective.

Describing an approach to interactions that takes account of a longer term series of interactions, and not just the immediate transaction in view.


3. Banking.

Under a relationship banking approach, a corporate customer only uses a relatively smaller number of banks for all its banking business.

Contrasted with a transactional approach.


4. Correlation.

The way in which an amount varies in association with a change in another amount.

For example, an inverse relationship.


See also