From The Collaborative International Dictionary of English v.0.48 [gcide]:
3. (Computers) to reduce the space required for storage (of binary data) by an algorithm which converts the data to a smaller number of bits while preserving the information content. The compressed data is usually decompressed to recover the initial data format before subsequent use. [PJC]
From WordNet (r) 3.0 (2006) [wn]:
Define.com is a PRIVATE SECTOR NONPROFIT EDUCATIONAL WEBSITE that PROMOTES WORLDWIDE ELECTRONIC DEMOCRACY, OPEN and TRANSPARENT GOVERNMENT and WORLDWIDE BANKING REFORM.
Eye and Pyramid BANKING REFORM CHALLENGE