BREXIT

Definition

BREXIT refers to Britain's exit from the European Union (EU) after voting in favor of leaving in a 2016 referendum. It involves disentangling political, economic, and legal ties with EU institutions.

Related terms

European Union (EU):

A political and economic union of 27 European countries that promotes cooperation in various areas such as trade, security, and human rights.

Referendum:

A direct vote by eligible individuals on a specific issue or policy.

Sovereignty:

The authority of a state or government to govern itself independently without interference from external forces.