research and development (R&D)

Related Terms
Systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge. R&D may result in ownership of intellectual property such as patents. In accounting for R&D costs, the development costs may be carried forward but the basic and applied research costs are often written-off as incurred.

Use 'research and development (R&D)' in a Sentence

It is important to always be strong in research and development so that you can come up with new innovative products.
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In the video game Metal Gear Solid: Peace Walker, I assigned Huey Emmerich to the research and development team to create new weapons and items.
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Our research and development team was working around the clock to make things better for our company and they were doing a great job.
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Notable Quotable

What R&D Depends On
"Innovation has nothing to do with how many R&D dollars you have. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. It's not about money. It's about the people you have, how you're led, and how much you get it."
- Steve Jobs

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