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English definition of “cut back”

cut back

phrasal verb with cut     /kʌt/ verb [T] (cutting, cut, cut)
[I or T] to do less of something, or use something in smaller amounts, especially money: With orders down, many companies are cutting back. We are trying to cut back on travel costs. The firm has cut back hours at its factory.
(Definition of cut back from the Cambridge Business English Dictionary © Cambridge University Press)
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