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to cut one's losses
01
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to no longer partake in a failing business, activity, etc. to prevent further damage or losses
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What is the origin of the idiom "cut one's losses" and when to use it?
The idiom "cut one's losses" has its origins in gambling and financial contexts. It is often associated with betting or investing in situations where there is a potential for loss. The phrase suggests that when a person realizes they are incurring losses or facing a losing situation, it is wise to minimize those losses by withdrawing from the situation or selling off investments before they decline further. This phrase is used to advise someone to abandon a course of action or investment that is not going well in order to limit further losses. It implies making a strategic decision to minimize the negative impact of a situation.
Пример
In the face of mounting debts, the company had no choice but to cut its losses and file for bankruptcy.
She realized the project was going nowhere and decided to cut her losses by discontinuing it.
He sold his stocks when he saw that their value was declining consistently, deciding to cut his losses rather than risk further depreciation.
The team decided to cut their losses and withdraw from the competition after a series of defeats.
The failed business venture taught them valuable lessons, and they were determined to cut their losses and start afresh with a new business idea.
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