up-or-out

[ uhp-er-out ]
/ ˈʌp ərˈaʊt /

adjective

of or relating to a system or policy of employment in which one is either promoted or discharged: the pressures of an up-or-out promotion system.

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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020