1DHTBB British English a door or passage through which you leave a building [= exit]
2 a way to escape a difficult or bad situation :
He was in a dilemma, and could see no way out.
He was in a dilemma, and could see no way out.3
on the/your way out
a) if you do something on the way out, you do it as you leave a place :
Pick up your mail on the way out.
Pick up your mail on the way out.b) soon to be replaced by someone or something else :
The old type of passport is on its way out.
The old type of passport is on its way out.