Cutback
/ˈkʌtbæk/
Definitions
- (n.) A reduction in the amount or scope of a legal claim, demand, or contractual obligation.
The parties agreed to a cutback in the damages claimed to expedite the settlement.
Forms
- cutbacks
Related terms
See also
Commentary
In legal usage, 'cutback' often refers to negotiated or imposed reductions, particularly in litigation or contract contexts; clarity in specifying what is being reduced aids interpretation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.