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Meaning of “second-tier” in the English Dictionary

"second-tier" in Business English

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second-tieradjective [before noun]

uk   us  
used to describe a ​product, ​organization, etc. that is not among the biggest, most ​successful, or most important of its ​type: Savings ​levels in second-tier ​regionalbanks are showing ​steadygrowth this ​quarter. second-tier perfume ​brands
(Definition of second-tier from the Cambridge Business English Dictionary © Cambridge University Press)
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