lose out

Verb

 * 1) To be at a disadvantage.
 * People who do not speak a second language find that they lose out when looking for a job.
 * I think you will lose out on the exchange rate if you move to dollars now.
 * 1)  To be defeated (by).
 * I went for a job interview, but I lost out to a younger guy.

Usage notes

 * Often lose out to another person or group.
 * Often lose out on a specific benefit.