| 单词 | defensive |
| 释义 | defensive defensive // adjective, noun
■ adjective
1 (Finance ) (about an investment) safe in times of economic difficulty, because the price or value is not easily affected by circumstances: There has been a move to defensive sectors, such as health care and food. The weakness of the market left dealers seeking defensive stocks. Analysts say the company has strong defensive qualities. ⇨ CYCLICAL See note at STOCK
defensive shares/stocks a defensive industry/investment/sector
2 that tries to protect sb/sth from attack or harm: The job cuts were a defensive move against decreasing sales. The two companies could be forced into a defensive merger (= to try to avoid being bought by another company). The law bans defensive measures used to resist takeovers.
■ noun [C, usually pl.]
(Finance ) an investment that is not easily affected by times of economic difficulty: Investors have been buying defensives, like utility and food stocks. |
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