ballpark figure

Meanings

• noun

  An approximate or estimated value, often used in business or finance.

  - "The project is expected to cost around a ballpark figure of $5 million."
  - "The sales team provided a ballpark figure for their projected revenue."

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Variants

List of all variants of ballpark figure that leads to same result
ballpark , ballparks , in the ballpark , ballparked , ballparking

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'ballpark figure' originated in the late 1900s, likely derived from the baseball term 'ballpark' which refers to a rough estimate or approximation.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'ballpark figure' gained popularity in the business world in the late 1900s.

2. The term is often used in negotiations to provide a rough estimate of a value, allowing for flexibility and room for adjustment.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. estimate: An educated guess or approximation of a value, often used in business and finance.

2. approximation: A value that is close to but not exactly the true value.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In popular culture, 'ballpark figure' has been used in various contexts, such as in business and finance, to describe an approximate or estimated value.

How to Memorize "ballpark figure"

1. visualize
   

   - Imagine a baseball diamond with an approximate value in the center, representing a ballpark figure.

2. associate
   

   - Associate the term 'ballpark figure' with the idea of an approximate or estimated value.

3. mnemonics
   

   - Use the mnemonic 'Ball Park = Brings Approximate Price' to remember the meaning of 'ballpark figure'.

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