Meaning of body blow

bod'y blow"

Pronunciation: [key]
— Boxing. Boxing.
  1. a blow driven to the opponent's body between the breastbone and the navel.
  2. any action that causes severe damage, losses, etc.: Our business received a body blow in the recession.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.