When a company invests the minimum amount of additional effort or maintenance to keep a product or service live. This often due to budget cuts or reduced revenue for the product or service.
Example: The company lost a lot of revenue because of the pandemic and is just trying to keep the lights on until sales go up again.
Variations: keeping the lights on, KTLO
Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.
On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.
Word: Close It Out
Definition: To mark something as completed.
Example: This task has been fixed, so let's close it out within the task tracker.