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English Phrase: Cash in your chips
When gambling, sometimes, but not often, people win.
If you win, the dealer doesn’t give you money.
They give you chips, which, when you stop gambling, you cash in your chips and receive cash for your chips.
In the vernacular sense, if you cash in your chips, you stop doing something or sell something, such as shares in a company, either because you need the money or think the value will fall.
In business, when playing the stock market or when people decide to retire, for example, we can say that people are cashing in their chips.
This means they leave the business or the market before the situation worsens.
Perhaps they do this because they want to do something different with their lives.
These days, it’s quite common for an entrepreneur to create a small tech company and then, after a few years, sell that company to another company.
The tricky thing is knowing when to cash in your chips to get maximum value for your business or stock.
Flesch-Kincaid Readability Test
This post is understandable by someone with at least a 7th-grade education (age 12).
On the Flesch-Kincaid reading-ease test, this post scores 72.
The easier a passage is to read, the higher the score on a scale of 0 – 100.