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English definition of “equate to sth ”

equate to sth

phrasal verb with equate     /ɪˈkweɪt/ verb [ T]
to be equal to a particular price, number, or amount: The £800m drop in profits equated to a 3% loss of market share for the group.
(Definition of equate to sth from the Cambridge Business English Dictionary © Cambridge University Press)
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