[ sheyk-out ]
/ ˈʃeɪkˌaʊt /
an elimination or winnowing out of some competing businesses, products, etc., as a result of intense competition in a market of declining sales or rising standards of quality.
a rapid decline in the values of certain securities sold in stock exchanges or the like.
Origin of shakeout
First recorded in 1890–95; noun use of verb phrase shake out
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019