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addaword.gifdefinition of fiscal cliff

noun
the tax increases and spending cuts that will have to take place in the US at the end of 2012 when the Budget Control Act of 2011 comes into effect
Even as Mr Obama and Mitt Romney made their last pitches to voters, the investors called on Congress to do a deal to avert the "fiscal cliff".
Submitted from United Kingdom on 05/11/2012 20:15:00
Definition of fiscal cliff from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

food rave

a very large party where people eat, sell or share many different types of food, usually held outside or in a large public building

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profit margin

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