phase out


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phase out

To gradually eliminate or remove someone or something. A noun or pronoun can be used between "phase" and "out." Of course I'm worried—the corporate office is phasing out all of the jobs in our department! When was the two-dollar bill phased out of circulation?
See also: out, phase

phase out

v.
To take something or someone out of service gradually or in stages: The company phased out the old model of vacuum cleaner, and it's hard to find any in the stores now. We will gradually phase the old schedule out to create a more efficient one.
See also: out, phase
References in periodicals archive ?
The phase out of personal exemptions for high income taxpayers is likewise slated to expire shortly.
To phase out the benefit of the personal and dependency exemptions, the tax bracket on which the surtax is imposed is extended by an additional $11,480 for each exemption.
In the meantime, Royal Jordanian will not only benefit from AFI KLM E&M expertise on the A330 product, but also from its experience of phase outs and major compliance issues in connection with components of aircraft retired from a commercial fleet.
Depending on the result, you may be subject to deduction and exemption phase outs.