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English definition of “the old school tie”

the old school tie

noun [S]    
the way in which people who have been to the same expensive private school help each other to find good jobs: The old school tie still has enormous power in such companies.Unfairness and favouring someone unfairlyJustice and fairness
(Definition of the old school tie noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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