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

peace dividend

noun

/ˈpiːs dɪvɪdend/

/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 peace dividend in the Oxford Advanced American Dictionary

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noun

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B2

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