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Definition |
stop doing something not working out in
order to prevent further losses |
Examples |
1) The investor decided to cut his losses
and sell his shares. 2) After losing a significant amount of money, he
decided to cut his losses and walk
away from the table. |
Etymology |
The term is thought to have come from the
practice of sailors cutting their sails in a storm to prevent losing
control. |
Synonyms |
bail out, disengage, walk away |
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