cut one's losses


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cut one's losses

Withdraw from a losing situation, as in They decided to close down the unprofitable branch and cut their losses. This expression uses cut in the sense of "reduce" (also see cut down, def. 2).
See also: cut, loss
References in periodicals archive ?
The first is to cut one's losses and leave the market, which is a move that won't do much to A & P's status with analysts and other industry observers.