Usually means: Become stable after fluctuation, variation.
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We found 10 dictionaries that define the word level out:

General (4 matching dictionaries)
  1. level out: Merriam-Webster
  2. level out: Wiktionary
  3. level out: Dictionary.com
  4. level out: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. level out: Legal dictionary
  2. level out: Financial dictionary

Computing (1 matching dictionary)
  1. level out: Encyclopedia

Medicine (1 matching dictionary)
  1. level out: Medical dictionary

Miscellaneous (1 matching dictionary)
  1. level out: Idioms

Tech (1 matching dictionary)
  1. AUTOMOTIVE TERMS (No longer online)

Definitions from Wiktionary (level out)

verb:  (intransitive) To become even.
verb:  (transitive) To cause (something) to be even.

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