Definition
To stop doing something that is failing in order to avoid further losses, especially financial ones.
止蚀
This project is clearly not going to succeed; we should cut our losses and end it now.
这个项目显然不会成功，我们应该及时止损，现在就结束它。
The stock price keeps falling; I think it's time to cut our losses and sell to prevent further loss.
股价持续下跌，我认为是时候止损卖出，以避免进一步的损失。
After the business failed, they decided to cut their losses and try a new direction.
生意失败后，他们决定及时止损，尝试新的方向。