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English definition of “capital flight”

capital flight

noun [U]    
ECONOMICS, FINANCE a situation in which large amounts of money are sent out of a country to be kept or invested in other countries, for example, because of fears about the economy: How can capital flight be skyrocketing and the market crashing when, on the surface, things look so good?
(Definition of capital flight noun from the Cambridge Business English Dictionary © Cambridge University Press)
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