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Definition of shakeout noun from the Oxford Advanced American Dictionary

     

    shakeout

     noun
    noun
    NAmE//ˈʃeɪkaʊt//
     
    [usually singular]
     
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  1. 1a situation in which people lose their jobs and less successful companies are forced to close because of competition and difficult economic conditions Experts are predicting a shakeout of the overcrowded airline market.
  2. 2= shake-up

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