phase
noun
any of the major appearances or aspects in which a thing of varying modes or conditions manifests itself to the eye or mind.
Used to describe an ongoing action or state that is currently taking place in the immediate present.
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
But I am phasing that out now, and handing that to Eric Trump and Don Trump and Ivanka Trump for the most part, and some of my executives, so that’s happening right now.
From New York Times ● Nov. 23, 2016