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English definition of “watching brief”

watching brief

noun [C, usually singular]    
if someone has or is given a watching brief on something, someone has asked them to check on and give a report about what is happening in a particular situation or in a particular business, etc.: have/keep/maintain a watching brief on sth Potential investors are keeping a watching brief on the fund.
(Definition of watching brief noun from the Cambridge Business English Dictionary © Cambridge University Press)
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