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boast2 [countable]
Philip's boast is that he started out without any outside financial backing. an empty/idle/vain boast (=a false statement that something is good or possible)
'Making knowledge work' is the university's phrase, and it is no idle boast (=not a boast, but true).
'Making knowledge work' is the university's phrase, and it is no idle boast (=not a boast, but true).