1. phrasal verb If you live out your life in a particular place or in particular circumstances, you stay in that place or in those circumstances until the end of your life or until the end of a particular period of your life. [V P n] ⇒ Gein did not stand trial but lived out his days in a mental asylum. [V n P] ⇒ I couldn't live my life out on tour like he does. 2. phrasal verb → live If you live out a dream or idea, you do the things that you have thought about. [V P n] ⇒ He began living out his rock 'n' roll fantasy during his last year in law school. [V n P] ⇒ I suppose some people create an idea of who they want to be, and then they live it out.
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