What is LEAD TIME?

Amount time needed to set up or prepare to execute from being told that execution must occur. Time that must be allowed to complete an operation or process, or time that must elapse before a desired action happens. Also refer to manufacturing lead time.

More On This Topic

Link to This Definition
Did you find this definition of LEAD TIME helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary