phase out(redirected from phases out)
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To gradually end something, especially a project. For example, a company seeking to wind down its research and development department my phase it out by cutting its budget successively over several years.
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To bring to an end in stages. Typically encountered with tax benefits that are phased out—decreased or diminished—over the course of several years.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.