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English definition of “setback”

setback

noun [C]
 
 
/ˈsetbæk/
something that happens that causes a delay or prevents a process from continuing: He suffered a setback yesterday in his attempts to take a stake in the mobile phone company.a setback to/for sth The new rule was a setback to smaller cable operators thinking of selling to other companies. a major/serious setback The decision is the latest in a series of setbacks for the industry.
STOCK MARKET, FINANCE a fall in prices on a stock or financial market: The mail order group suffered a 17p setback to 366.5p. Small companies are less likely to be diversified so setbacks in a single sector are more likely to wipe them out.
(Definition of setback from the Cambridge Business English Dictionary © Cambridge University Press)
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