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cutback US English

An act or instance of reducing something, typically expenditures

cutback US Thesaurus

cutbacks in defense spending

cutback New Oxford Dictionary for Writers & Editors

(one word, two words as verb)

cut US English

Trim or reduce the length of (something, especially grass or a person’s hair or fingernails) by using a sharp implement

cut back in cut US Thesaurus

if profits don't soon improve, we'll have to find ways to cut back