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Definition taper in British English

taper noun

[countable] noun
/ˈteɪpə(r)/
1

a long thin candle

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2

a long piece of wood or paper used for carrying a small flame

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3

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

Example

When Ben Bernanke first floated the idea of the taper, the notion was that the trigger for the taper would be falling unemployment.

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Definition taper in British English