Meaning of “suasion” in the English Dictionary

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"suasion" in Business English

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suasionnoun [ U ]

also moral suasion uk /ˈsweɪʒən/ us BANKING, FINANCE, SOCIAL RESPONSIBILITY

influence, especially from government organizations, that is used to try to persuade banks and other financial institutions to keep to rules and act in the best interests of the economy

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