cut one's losses

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cut (one's) losses

To stop an action that has resulted in loss or failure or leave a failing situation before it gets worse. Man, this venture is going nowhere—I think we're better off cutting our losses than agreeing to rent this space for another year.
See also: cut, loss
Farlex Dictionary of Idioms. © 2022 Farlex, Inc, all rights reserved.

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
The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 2003, 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

cut one’s losses

tv. to do something to stop a loss of something. I knew I had to do something to cut my losses, but it was almost too late.
See also: cut, loss
McGraw-Hill's Dictionary of American Slang and Colloquial Expressions Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved.
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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.
I advise that if the downward trend is caused by actual individual unfavorable conditions (and not general market conditions), it is best to cut one's losses early, sell the stock and move on.