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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Protectionist

Definition:

Any policy or plan that protects the businesses of a country and the local economy.

For example, high taxes on imports are protectionist policies. The idea is that they make foreign goods more expensive to get into the country and make them more expensive on the shelves, so local companies aren't put out of business by overseas competitors.