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English definition of “peer”

peer

noun [C]     /pɪər/
a company in the same industry as other companies: Dixons is doing better than its peers.
a person of a similar age, position, abilities, etc. as others in a group: According to research, high school dropouts earn $260,000 less in a lifetime than their degree-earning peers.
→ See also peer-to-peer
(Definition of peer noun from the Cambridge Business English Dictionary © Cambridge University Press)
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