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Definition taper in British English

taper verb

verb
/ˈteɪpə(r)/
1

to gradually become narrower towards one end, or to make something narrower towards one end

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2

to gradually become less

Example

Spending has tapered off from £844 million to £557 million.

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3

to gradually reduce the amount of new money which is supplied by a central bank in order to aid economic recovery

Example

At the end of a closely watched meeting, the Fed's policy-setting body chose not to taper.

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Definition taper in British English