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Meaning of ticker-tape parade

tick'er-tape parade"

Pronunciation: (tik'ur-tāp"), [key]
  1. a parade honoring a visiting dignitary, hero, or the like in which ticker tapes, confetti, shredded newspapers, etc., are showered into the streets from buildings along the parade route.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.