Laxi Dictionary

American Dictionary

Define dictionary terms easily in our powerful online English dictionary.

Searching for...

No matching words found

Try a different search term or browse the dictionary

Definition cliff edge in American English

cliff edge noun

[singular] noun
/ˈklɪf ˌedʒ/
1

in taxation, a situation where a small increase in income leads to a large loss of benefits or increase in taxes due

Example

Gridlock will be the most used political term in the next two years as we rush towards the fiscal cliff edge.

Synonyms and related words
1040 form 1099 after tax
2

a situation where a sudden change leads to many immediate and very large problems

Example

Many of the consequences of the Brexit cliff edge are likely to come into focus well before the U.K. leaves the E.U.

3

in taxation, a situation where a small increase in income leads to a large loss of benefits or increase in taxes due

Example

To remove the "cliff-edge" in the original policy, Mr Osborne said child benefit would be withdrawn gradually from those earning between £50,000 and £60,000.

Definition cliff edge in American English