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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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