elastic

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elas|tic /ɪl'æstɪk/
1 [N-UNCOUNT]
Elastic is a rubber material that stretches when you pull it and returns to its original size and shape when you let it go. Elastic is often used in clothes to make them fit tightly, for example round the waist.
...a piece of elastic.
2 [ADJ]
Something that is elastic is able to stretch easily and then return to its original size and shape.
Beat it until the dough is slightly elastic.
3 [ADJ]
If ideas, plans, or policies are elastic, they are able to change to suit new circumstances or conditions as they occur.
...an elastic interpretation of the rules of boxing...
If export and import demand is elastic, then the change in trade volumes will operate to remove the surplus.
= flexibleelas|tic band (elastic bands)
[N-COUNT]
An elastic band is a thin circle of very stretchy rubber that you can put around things in order to hold them together. (mainly BRIT; in AM, use rubber band)
= rubber band

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