CUTBACK
cut back
Verb
- To reduce the amount of (something).
 - To reduce spending.
- We need to cut back heavily on office supplies. Is there another vendor we can use?
 
 - To reduce consumption.
- He needs to cut back on doughnuts. He weighs 289 pounds!
 
 
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cutback
Noun
- A reduction in an existing program of some sort.
 - Maneuver where the surfer turns and surfs back towards where the wave is breaking.
 - Solvent-thinned bitumen used in cold process roofing adhesives, cements and coatings.
 - An offensive pass played into a position further from the attacking goal line.
 
The above text is a snippet from Wiktionary: cutback
and as such is available under the Creative Commons Attribution/Share-Alike License.