Definition of lose out to phrasal verb from the Oxford Advanced American Dictionary

 

lose out to

 phrasal verb
phrasal verb
 
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Phrasal Verbs

lose out to somebody/something

(informal)
 
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to not get business, etc. that you expected or used to get because someone or something else has taken it Small businesses are losing out to the large chains.
See the Oxford Advanced Learner's Dictionary entry: lose out to