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English definition of “all very well”

all very well

(also all well and good)
If something is all very well, it is quite useful or good in some situations but not excellent and not useful or good in every situation: Electric heating is all very well until there's a power cut.Quite good, or not very goodSuitable and acceptable
(Definition of all very well from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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