Meaning of “stringency” in the English Dictionary

"stringency" in Business English

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stringencynoun [ U ]

uk /ˈstrɪndʒənsi/ us

a situation in which a law, test, etc. is extremely severe or limiting and must be obeyed:

the stringency of sth The statute prohibits the adoption of environmental protections laws that exceed the stringency of federal regulations.

a situation in which companies or governments can spend only very little money because of difficult economic conditions:

(Definition of “stringency” from the Cambridge Business English Dictionary © Cambridge University Press)