Meaning of “use-it-or-lose-it” in the English Dictionary

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"use-it-or-lose-it" in Business English

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use-it-or-lose-itadjective [ before noun ]

uk us informal

used to describe something that you must use by a particular date, or you will lose the opportunity or right to have it:

Tighter use-it-or-lose-it vacation policies force many workers to take their vacations before year end.

(Definition of “use-it-or-lose-it” from the Cambridge Business English Dictionary © Cambridge University Press)