Cut

Business, Legal & Accounting Glossary

Definition: Cut


Cut


Full Definition of Cut


noun the sudden lowering of a price, salary or the number of jobs Exampleprice cuts or cuts in prices Usage he took a cut in salary , he took a salary cut he accepted a lower salary a share in a payment ExampleShe introduces new customers and gets a cut of the sales rep’s commission. verb to lower something suddenly ExamplesWe are cutting prices on all our models. • We have taken out the second telephone line in order to try to cut costs. Usage to cut (back) production to reduce the quantity of products made to reduce the number of something Usage to cut jobs to reduce the number of jobs by making people redundant Usage he cut his losses he stopped doing something which was creating a loss

“…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]

the sudden lowering of a price, salary or the number of jobs a share in a payment to lower something suddenly to reduce the number of something


Cite Term


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Page URL
https://payrollheaven.com/define/cut/
Modern Language Association (MLA):
Cut. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/cut/.
Chicago Manual of Style (CMS):
Cut. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cut/ (accessed: March 28, 2024).
American Psychological Association (APA):
Cut. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cut/

Definition Sources


Definitions for Cut are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.