C1idiomdecisionsIELTS-friendly
cut your losses
USUK
to stop doing something that is failing before you lose even more
From trading, but used for any failing plan, project or relationship. The opposite mistake is to 'throw good money after bad'.
In context
The shop wasn't making money, so we decided to cut our losses and close it.
If the shares keep falling, you should cut your losses and sell.
More idioms about decisions
- a Catch-22a situation you can't escape because each solution depends on the other
- a change of hearta change in your opinion or plan, usually towards a kinder or different view
- a double-edged swordsomething that has both good and bad effects
- a fait accomplisomething already decided or done that others must now accept
- a foregone conclusiona result that is certain before it happens