[rɪˈtrɛn(t)ʃ], (Verb)

Definitions:
- (of an organization or individual) reduce costs or spending in response to economic difficulty
(e.g: as a result of the recession the company retrenched)


Phrases:

Origin:
late 16th century (in the now formal usage): from obsolete French retrencher, variant of retrancher, from re- (expressing reversal) + trancher ‘to cut, slice’