To stop a project or activity suddenly.
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To end something for good, often a project that is not working.
When you pull the plug, you stop it completely instead of letting it limp on.
It is often used when a boss decides to cut losses and call it off.
"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