up-or-out: Meaning and Definition of

up-or-out

Pronunciation: (up'ur-out'), [key]
— adj.
  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.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.