component com‧po‧nent [kəmˈpəʊnənt ǁ -ˈpoʊ-] noun [countable]
1. one part of something:
component of
• Gas will continue to be a major component of the country's energy supply mix.
• The main component of any school's budget will be the cost of staff.
• The M2 component of the money supply grew $7.2 billion in April.
2. MANUFACTURING one part used in making a machine, vehicle etc:
• auto components (= ones used in cars ) company
• a small company that makes electronic components
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component UK US /kəmˈpəʊnənt/ noun [C]
► PRODUCTION a part that combines with other parts to make a machine or piece of equipment: automobile/computer, etc. component »
The company is a leading manufacturer of automobile components.
► a particular feature or part of something: essential/key/major, etc. component »
The major components of the transport system include the road network, railway system, air transport services, and ports and shipping services.
Financial and business terms. 2012.