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Definition of Lend-Lease noun from the Oxford Advanced Learner's Dictionary

Lend-Lease

noun
 
/ˈlend liːs/
 
/ˈlend liːs/
[uncountable]
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  1. an arrangement during the Second World War following the US Lend-Lease Act (1941). The US lent military and other equipment to countries at war with Germany. The programme cost the US $50 billion and it marked the beginning of war production in the US. Countries paid back the loans (= sums of money lent) in various ways, e.g. by allowing the US to use military bases in Europe, etc.
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