situation
n
1 physical placement, esp. with regard to the surroundings
a state of affairs; combination of circumstances
b a complex or critical state of affairs in a novel, play, etc.
3 social or financial status, position, or circumstances
4 a position of employment; post ♦
situational adj Situation is often used in contexts in which it is redundant or imprecise. Typical examples are: the company is in a crisis situation or people in a job situation. In the first example, situation does not add to the meaning and should be omitted. In the second example, it would be clearer and more concise to substitute a phrase such as people at work
situation comedy
n (on television or radio) a comedy series involving the same characters in various day-to-day situations which are developed as separate stories for each episode, (Also called)
sitcom
English Collins Dictionary - English Definition & Thesaurus  

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"Collins English Dictionary 5th Edition first published in 2000 © HarperCollins Publishers 1979, 1986, 1991, 1994, 1998, 2000 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"