a share in a payment nounthe sudden lowering of a price, salary or the number of jobs Exampleprice cuts or cuts in pricesUsagehe took a cut in salary, he took a salary cuthe accepted a lower salarya share in a payment ExampleShe introduces new customers and gets a cut of the sales rep's commission.verbto 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.Usageto cut (back) productionto reduce the quantity of products madeto reduce the number of somethingUsageto cut jobsto reduce the number of jobs by making people redundantUsagehe cut his losseshe 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 to lower something suddenly to reduce the number of something