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English definition of “cut your losses”

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cut your losses

to avoid losing any more money than you have already lost: Let's cut our losses and sell the business before prices drop even further.
Translations of “cut your losses”
in Chinese (Traditional) 及時放棄無利可圖之事, 知難而退, 及早撒手…
in Chinese (Simplified) 及时放弃无利可图之事, 知难而退, 及早撒手…
(Definition of cut your losses from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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