Definition of "phaseout" []

• A gradual discontinuation. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The government, in a five-year phaseout plan, seeks to eliminate up to $100 billion a year in food and energy subsidies that keep costs down for consumers."
• "Other targeted tax credits marked for phaseout include ones for so-called brownfield redevelopments, battery manufacturers and other businesses."
• "The 2022 deadline for nuclear power's phaseout provides ample time for yet another rethink."