Meaning of “setback” in the English Dictionary

"setback" in American English

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setbacknoun [ C ]

us /ˈsetˌbæk/

something that causes delay or stops progress:

Democrats suffered a serious setback in yesterday’s election, losing all three contested seats.

(Definition of “setback” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"setback" in Business English

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setbacknoun [ C ]

uk /ˈsetbæk/ us

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)