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Pronunciation: (shāk'out"), [key]
1. an elimination or winnowing out of some competing businesses, products, etc., as a result of intense competition in a market of declining sales or rising standards of quality.
2. a rapid decline in the values of certain securities sold in stock exchanges or the like.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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