cut
noun
  1. the sudden lowering of a price, salary or the number of jobs

    Example

    price cuts or cuts in prices

    Usage
    he took a cut in salary
    he accepted a lower salary
  2. a share in a payment

    Example

    She introduces new customers and gets a cut of the sales rep's commission.

verb
  1. to lower something suddenly

    Examples
    • We are cutting prices on all our models.

    • We have taken out the second telephone line in order to try to cut costs.

  2. to reduce the number of something

"...state-owned banks cut their prime rates a percentage point to 11 per cent" [Wall Street Journal]

"...the US bank announced a cut in its prime from 10½ per cent to 10 per cent" [Financial Times]

"Opec has on average cut production by one third since 1979" [Economist]

Browse by Subjects
terms
Eurozone
repay
nil
counter offer
See All Related Terms »

indirect labour costs
social
unitary taxation
constant dollars
set against