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Come to a halt, back down. For example, During a recession, many businesses are forced to draw in the reins on expansion. This expression transfers the means of stopping a horse to other kinds of restraint.
The American Heritage® Idioms Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Word Value for draw

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Nearby words for draw in the reins