To stop a project or activity suddenly.
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To put a definitive end to something, especially a project, plan, or activity that is not working.
When you pull the plug, you make the decision to stop something completely rather than letting it continue.
It is often used when someone in authority decides to cut their losses and cancel something.
"Call it Quits"
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Deciding to stop doing something, often mutually or after prolonged effort
"Cut Your Losses"
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Stopping an investment or effort to prevent losing even more than you already have
"Pull the Plug"
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Making a definitive decision to end something completely