Definitions

1. noun

a reduction or decrease in the amount of something, especially money or resources

“The company made a cutback in its budget to save money during the recession.”

2. verb

to reduce or decrease the amount of something, especially money or resources

“The government will cut back on its spending to balance the budget.”

3. verb

to reduce the size or amount of something, such as a project or an activity

“The company will cut back on its production to meet the demand.”