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English definition of “prevailing”

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prevailing

adjective [before noun]
 
 
/prɪˈveɪlɪŋ/
existing in a particular place or at a particular time: The bank said it will buy the shares at the prevailing market price.prevailing economic/market conditions The chief executive said the poor figures resulted from the prevailing economic conditions.
(Definition of prevailing from the Cambridge Business English Dictionary © Cambridge University Press)
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