IPA: /ˈrʌn.aʊt/
KK: /ˈrʌnˌaʊt/
The act of running out or coming to an end, often referring to a situation where something has expired or is no longer available.
The runout of the contract left the company without a clear plan for the future.
Runout → It is formed from "run" (from Old English "rinnan", meaning to flow or move swiftly) and "out" (meaning away from a place or position). The word "runout" refers to the act of running out or depleting something completely.
Think of something 'flowing' ('run') and then 'moving away' ('out') — that's why runout means to completely deplete or exhaust something.