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addaword.gifdefinition of round pound

noun
the practice of changing the price of an item for sale in a shop from 99p to £1
It seems the round pound has turned into another price-war weapon for stores weathering the recession.
Submitted on 21/07/2009 08:29:00
Definition of round pound from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

pre-cation

a paid holiday given to a new employee before they start their job

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