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English definition of “snapback”

snapback

noun [S] (also snap-back)     /ˈsnæpbæk/ informal
STOCK MARKET a quick return to a previous condition or situation : Current economic conditions preclude a strong snapback. We had a nice snap-back from yesterday's late sell-off and managed to hold gains . We may be seeing some delay in the snapback in housing because people believe that the rates may go lower .
(Definition of snapback noun from the Cambridge Business English Dictionary © Cambridge University Press)
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