IPA: /feɪzˌaʊt/
KK: /feɪzˌaʊt/
A gradual process of stopping or ending something, often used in reference to operations or production.
The company announced a phaseout of its older products to make way for new technology.
Phaseout → It is formed from "phase" (from Greek "phasis", meaning appearance or stage) and "out" (meaning to remove or eliminate). The word "phaseout" refers to the gradual elimination or removal of something in stages.
Think of a process that happens in stages or 'phases' and then 'removes' or 'eliminates' something completely — that's what phaseout means.