Definition of cut or pare something to the bone in English:

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cut (or pare) something to the bone

Reduce something to the bare minimum: costs will have to be cut to the bone
More example sentences
  • Transport manifesto commitments have been pared to the bone.
  • But, with hindsight, we can already see that the company achieved spectacular growth by cutting premiums to the bone, and possibly under-reserving.
  • So there is a war on, with each side cutting prices to the bone.
See parent entry: bone
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