relief - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “relief”

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relief

noun [U]
 
 
/rɪˈliːf/
FINANCE financial help that is given to people, companies, or countries that cannot pay their taxes or debts: All of the more than 3 million people who file income taxes in Virginia will be eligible for the $100 relief when they file their returns for the last fiscal year. Congress must reach consensus quickly on the issue of economic relief for the airline industry. Satellite-television subscribers should get relief from some of the taxes on their monthly bills under new legislation.give/offer/provide relief (to sb) Tax-cut proposals could offer relief to homeownersget/obtain relief (from sth) Because of the Fed's move to cut interest rates, people whose mortgages are adjusting may get some relief. relief packages/measures
US GOVERNMENT, FINANCE financial help that the government gives to people who are poor, unemployed, etc.: grant/give/provide relief (to sb) Lawmakers are being lobbied by pressure groups, urging them to grant additional relief to seniors.
SOCIAL RESPONSIBILITY money, food, and clothing that is sent to people who are in a difficult situation because of a war, flood, very bad storm, etc.: How can we be sure that relief will help those who are most in need? In the last five days we have undertaken a massive relief effort to bring water, medicine, and food to the refugees. disaster/emergency/flood relief a relief agency/organization/worker
→  See also debt relief , double taxation relief , mortgage relief , rate relief , tax relief
(Definition of relief from the Cambridge Business English Dictionary © Cambridge University Press)
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