teachout
 n.— «Under a teachout, a school thought to be in possible danger of closing is expected to line up other schools willing to take its students and consider accepting their credits. Nearby schools usually try to take students to help the students and protect the industry’s reputation.» —“State Plans for Possibility of School Closings” by Karen W. Arenson New York Times Jan. 28, 2006. (source: Double-Tongued Dictionary)

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