Ⅰ.
defensive UK US /dɪˈfensɪv/ adjective
► FINANCE, STOCK MARKET an investment that is defensive is very safe, with little or no risk, and its value does not change very much over a period of time: »
a defensive share/stock
► trying to protect someone or something from harm or attack: »
a defensive measure/move
Ⅱ.
defensive UK US /dɪˈfensɪv/ noun [C] UK
► FINANCE, STOCK MARKET an investment that is very safe, with little or no risk, and whose value does not change very much over a period of time: »
Analysts said investors were moving to defensives that had enough cash to cover a high dividend.
Financial and business terms. 2012.