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up-or-out

[uhp-er-out] /ˈʌp ərˈaʊt/
adjective
1.
of or pertaining to a system or policy of employment in which one is either promoted or discharged:
the pressures of an up-or-out promotion system.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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