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English definition of “prevailing”

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 adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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