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.
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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.