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English definition of “bust”

bust

noun [C]
 
 
/bʌst/ ECONOMICS, FINANCE
a period of slow economic activity and lack of growth: Each of the previous booms in real house prices was followed by a bust. Employment soared during the 90s, only to plunge by nearly a third in the bust. the dot-com/housing/oil bust → Compare boom noun
informal a failure: Our attempt to start a new company was a complete bust.
→ See also boom and bust
(Definition of bust noun from the Cambridge Business English Dictionary © Cambridge University Press)
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