Pronunciation: (look'out"),[key] —n. 1. the act of looking out or keeping watch.
2. a watch kept, as for something that may happen.
3. a person or group keeping a watch.
4. a station or place from which a watch is kept.
5. an object of care or concern: That's not my lookout. 6. tailpiece (def. 4).
7. Chiefly Brit.view; prospect; outlook: The business lookout is far from optimistic.