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Origin of down-and-out
British Dictionary definitions for down-and-out
Idioms and Phrases with down-and-out
Lacking funds or prospects; destitute, penniless. For example, After losing his job, car, and home, he was completely down and out. This term probably originated in boxing, where it alludes to the fighter who is knocked down and stays down for a given time, thereby losing the bout. [c. 1900] Also see down for the count.