ex⋅pan⋅sion
[ik-span-shuh
n]
| 1. | the act or process of expanding. |
| 2. | the state or quality of being expanded. |
| 3. | the amount or degree of expanding. |
| 4. | an expanded, dilated, or enlarged portion or form of a thing: The present article is an expansion of one he wrote last year. |
| 5. | anything spread out; expanse. |
| 6. | Mathematics.
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| 7. | Machinery. that part of the operation of an engine in which the volume of the working medium increases and its pressure decreases. |
| 8. | an increase in economic and industrial activity (opposed to contraction ). |
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Expansion
Ex*pan"sion\, n. [L. expansio: cf. F. expansion.]1. The act of expanding or spreading out; the condition of being expanded; dilation; enlargement. 2. That which is expanded; expanse; extend surface; as, the expansion of a sheet or of a lake; the expansion was formed of metal. The starred expansion of the skies. --Beattie. 3. Space through which anything is expanded; also, pure space. Lost in expansion, void and infinite. --Blackmore. 4. (Com.) Enlargement or extension of business transactions; esp., increase of the circulation of bank notes. 5. (Math.) The developed result of an indicated operation; as, the expansion of (a + b)^2 is a^2 + 2ab + b^2. 6. (Steam Engine) The operation of steam in a cylinder after its communication with the boiler has been cut off, by which it continues to exert pressure upon the moving piston. 7. (Nav. Arch.) The enlargement of the ship mathematically from a model or drawing to the full or building size, in the process of construction. --Ham. Nav. Encyc. Note: Expansion is also used adjectively, as in expansion joint, expansion gear, etc. Expansion curve, a curve the co["o]rdinates of which show the relation between the pressure and volume of expanding gas or vapor; esp. (Steam engine), that part of an indicator diagram which shows the declining pressure of the steam as it expands in the cylinder. Expansion gear (Steam Engine). a cut-off gear. See Illust. of Link motion. Automatic expansion gear or cut-off, one that is regulated by the governor, and varies the supply of steam to the engine with the demand for power. Fixed expansion gear, or Fixed cut-off, one that always operates at the same fixed point of the stroke. Expansion joint, or Expansion coupling (Mech. & Engin.), a yielding joint or coupling for so uniting parts of a machine or structure that expansion, as by heat, is prevented from causing injurious strains; as by heat, is prevented from causing injurious strains; as: (a) A side or set of rollers, at the end of bridge truss, to support it but allow end play. (b) A telescopic joint in a steam pipe, to permit one part of the pipe to slide within the other. (c) A clamp for holding a locomotive frame to the boiler while allowing lengthwise motion. Expansion valve (Steam Engine), a cut-off valve, to shut off steam from the cylinder before the end of each stroke.Cite This Source
Expansion
The phase of the business cycle when the economy moves from a trough to a peak. It is a period when business activity surges and gross domestic product expands until it reaches a peak. Also known as an "economic recovery".
Investopedia Commentary
An expansion is one of two basic business cycle phases. The other is contraction. The transition from expansion to contraction is termed a "peak" and the changeover from contraction to expansion is a trough. Expansions last on average about three to four years but have been known to last anywhere from 12 months to more than 10 years. Much of the '60s was a time of expansion which lasted almost nine years.
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See also: Business Cycle, Contraction, National Bureau of Economic Research, Peak, Recession, Trough
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Main Entry: ex·pan·sion
Pronunciation: ik-'span-ch&n
Function: noun
1 : the act or process of expanding
2 : the quality or state of being expanded
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expansion ex·pan·sion (ĭk-spān'shən)
n.
- An increase in size.
- The spreading out of a structure, such as a tendon.
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expansion (ĭk-spān'shən) Pronunciation Key
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