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WordReference Random House Unabridged Dictionary of American English © 2024Town′send plan′, - a pension plan, proposed in the U.S. in 1934 but never passed by Congress, that would have awarded $200 monthly to persons over 60 who were no longer gainfully employed, provided that such allowance was spent in the U.S. within 30 days.
- after Francis English. Townsend (1867–1960), U.south, southern. reformer, its proposer
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