Definition, Meaning & Synonyms
greenfield
noun
/ˈɡriːnˌfɪld/
Definition
Land that has never been used for any development or construction.
Examples
- The company decided to build a new factory on a greenfield site, taking advantage of the open space.
- Investors often look for greenfield opportunities to create brand-new ventures without existing competition.
- She bought a greenfield plot of land to design her dream home from scratch.
Meaning
Typically refers to undeveloped land that can be used for new construction projects without the constraints of previous development.
Synonyms
- vacant land
- undeveloped land
- raw land
