cut (one's) losses

(redirected from cut our losses)

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. © 2015 Farlex, Inc, all rights reserved.

cut one's losses

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. Sell some of the high-priced stuff to cut your losses.
See also: cut, loss
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.

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 your losses

COMMON If you cut your losses, you decide to stop spending time, energy, or money on an activity or situation on which you have already spent a lot without having any success. Competition in the market was so strong, we decided to cut our losses and close the business. Only you can decide if you should push on to the end of your degree or cut your losses and get out.
See also: cut, loss
Collins COBUILD Idioms Dictionary, 3rd ed. © HarperCollins Publishers 2012

cut your losses

abandon an enterprise or course of action that is clearly going to be unprofitable or unsuccessful before you suffer too much loss or harm.
The sense of cut here is probably ‘sever yourself from’ rather than ‘reduce in size’.
1991 Jane Smiley A Thousand Acres Ginny is eternally hopeful, you know. She never cuts her losses. She always thinks things could change.
See also: cut, loss
Farlex Partner Idioms Dictionary © Farlex 2017

cut your ˈlosses

stop doing something that is not successful before the situation becomes even worse: When our rent went up we decided to cut our losses and close the store.
See also: cut, loss
Farlex Partner Idioms Dictionary © Farlex 2017

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.

cut (one's) losses

To withdraw from a losing situation.
See also: cut, loss
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
See also:
References in periodicals archive ?
I'm sorry to say we now need to cut our losses on him before it's to late.
''We will cut our losses substantially,'' Hirai said in an interview with Kyodo News in Santa Monica, where he is attending an international game software trade fair.
She said: "It was time to cut our losses. It is a lesson for charities to be careful when getting into contracts."
She says: "If we feel that the reasons for holding a stock are being violated, such as the fundamentals change or they become overvalued, we will take the profits and cut our losses."
'If we do not get a payback we will cut our losses,' said finance director Richard Bowser.
Every other avenue for peace seems to have been tried and failed dismally so let us cut our losses, save our cash, and withdraw to this side of the Irish Sea.
That could play against London buyers and it could be best to cut our losses.
We need to cut our losses and break up Ontario Hydro."
Our argument for large-scale cancellation will cut our losses. Even some sophisticated members of Congress and the press don't understand that even weapons already in the pipeline can be cancelled with enormous savings.