Definition of peace dividend noun from the Oxford Advanced Learner's Dictionary


peace dividend

BrE BrE//ˈpiːs dɪvɪdend//
; NAmE NAmE//ˈpiːs dɪvɪdend//
[usually singular]
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money previously spent on weapons and the defence of a country and now available to be used for other things because of a reduction in a country’s military forces
See the Oxford Advanced American Dictionary entry: peace dividend