brinkmanship [bringk-muh n-ship]
1. the technique or practice of maneuvering a dangerous situation to the limits of tolerance or safety in order to secure the greatest advantage, especially by creating diplomatic crises.
Also, brinksmanship [bringks-muh n-ship].
Origin: 1955-60; brink + -manship, with brink(s)- by analogy with sportsmanship, etc.
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