Cutt
/ˈkʌt/
Definitions
- (n.) A reduction or deduction from a sum of money, often as a negotiated or legally recognized share.
The agent took a customary cut of the settlement amount.
- (n.) A shorthand term for a cut clause in contracts, specifying reductions dependent on conditions.
The contract included a cut for late delivery penalties.
Related terms
See also
Commentary
In legal usage, "cut" often refers to authorized financial reductions or shares, emphasizing its role in transactional and contract law contexts.
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.