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load factor

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noun
  1. the amount or weight of cargo, number of passengers, etc., that an aircraft, vehicle, or vessel can carry.
  2. the percentage of available seats, space, or maximum carrying weight paid for and used by passengers, shippers, etc.: An airline can't profit on a 40 percent load factor.
  3. Electricity. the ratio of the average load over a designated period of time to the peak load occurring in that period.
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Origin of load factor

First recorded in 1890–95
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for load factor

load factor

noun
  1. the ratio of the average electric load to the peak load over a period of time
  2. aeronautics
    1. the ratio of a given external load to the weight of an aircraft
    2. the actual payload carried by an aircraft as a percentage of its maximum payload
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012