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What does checks and balances mean?

Looking for the meaning or definition of the word checks and balances? Here's what it means.

Noun
  1. (politics) A system for multiple parties wherein each has some control over the actions of each of the others.
  2. (figuratively) Somebody or something that enforces a positive quality or qualities.
Verb
  1. Third-person singular simple present indicative form of check and balance
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