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English definition of “pullback”

pullback

noun [C]     /ˈpʊlbæk/
ECONOMICS, FINANCE a reduction in the amount of money that a company or person spends: a pullback in spending/lending/hiring a massive pullback in consumer spending The pullback will affect not only our own company but also those with whom we do business.
STOCK MARKET a situation in which prices fall suddenly from a high level: The market is overextended and ready for a major pullback.
(Definition of pullback noun from the Cambridge Business English Dictionary © Cambridge University Press)
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