statute - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “statute”

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statute

noun [C or U]
 
 
/ˈstætʃuːt/ LAW
a law that has been formally approved and recorded: Many state and federal statutes already cover identity theft.by statute A Christmas bonus is not covered by statute as your wages and your holidays are.
(Definition of statute from the Cambridge Business English Dictionary © Cambridge University Press)
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