Meaning of “phase sth down” in the English Dictionary

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"phase sth down" in Business English

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phase sth down

US
phrasal verb with phase uk /feɪz/ us verb [ T, often passive ]

to remove or stop using something gradually or in stages:

We are working to phase down the use of this dangerous gas.

(Definition of “phase sth down” from the Cambridge Business English Dictionary © Cambridge University Press)