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What does semifinished mean?

Looking for the meaning or definition of the word semifinished? Here's what it means.

Adjective
  1. Partially finished
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Examples
The output of factories was being seriously curtailed and limited by lack of raw materials and semifinished products.
Finished and semifinished products, as well as work-in-progress, are stated at production cost, determined by the FIFO method.
A surplus of raw materials and semifinished products for transport to France and England could quickly be made available.
You want to calculate material overhead surcharges for the semifinished products that are used in the finished product.
Products tailored to your needs SIMONA is able to offer you the most extensive range of semifinished thermoplastics worldwide.
The semifinished product should be heated in such a way as to ensure maximum efficiency, i. e. it should be heated to the forming temperature required with minimal energy in a short space of time.

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