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to lose out
[phrase form: lose]
01
to be defeated or surpassed by someone or something else
02
to be at a disadvantage
Example
The student lost out on the scholarship because she didn't meet the GPA requirements.
The company lost out on the contract because their bid was too high.
The local bookstore lost out on a significant portion of their customer base when a large chain store opened nearby.
While the CEO gets a big bonus, it's the employees who lose out.
and we didn't want to lose out, so we put in an offer right away.
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