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Definition of corporate welfare noun from the Oxford Advanced Learner's Dictionary

corporate welfare

noun
 
/ˌkɔːpərət ˈwelfeə(r)/
 
/ˌkɔːrpərət ˈwelfer/
[uncountable] (especially North American English, disapproving)
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  1. government support of private business, for example by special payments or tax deals
    • They argue that spending should be cut by ending the tax subsidies that make up corporate welfare.
    Topics Moneyc2
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