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To take immediate advantage of an opportune moment while conditions are favorable.
"With interest rates low, we should strike while the iron is hot and buy the home."
"The client loved the pitch, so strike while the iron is hot and send the contract."
Individual vocabulary building blocks comprising this expression
Blacksmithing craft: iron must be hammered onto the anvil while red-hot; once it cools, it becomes brittle and impossible to shape.
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