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English definition of “state-backed”

state-backed

adjective    
GOVERNMENT used to describe an activity or organization that is approved, owned, or controlled by a government: Under radical new funding plans this state-backed company would receive an extra £2bn of taxpayers' money. He proposes a state-backed plan to help new teachers pay back student loans.
(Definition of state-backed adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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