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peace dividend

noun

Simple Definition of peace dividend

  • : money that a government originally planned to spend on its military that becomes available for other things when a situation changes (such as when a war ends)

Source: Merriam-Webster's Learner's Dictionary

Full Definition of peace dividend

  1. :  a portion of funds made available for nondefense spending by a reduction in the defense budget (as after a war)

1968

First Known Use of peace dividend

1968


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