From Longman Dictionary of Contemporary Englishbear hugˈbear hug noun [countable] HBHHOLDan action in which you put your arms around someone and hold them very tightly because you like them or are pleased to see them
Examples from the Corpus
bear hug• Christine emerged from the ring to a bear hug from her father.• In this climate, a down-home bear hug and attendant back slapping probably wouldn't go amiss.From Longman Business Dictionarybear hugˈbear hug noun [countable]FINANCE an offer to take over a company in which more money is offered than the company is actually worth, and which people who own shares in the company will therefore find it hard to refuseThe offer is considered a bear hug. 