retrenchment — the reduction of costs or spending in response to economic difficulty
Part of speech: NOUN
Definition: the reduction of costs or spending in response to economic difficulty
Pronunciation (IPA): /rɪˈtrentʃmənt/
Example Sentences
- After the boss discovered employees were using company credit cards for pizza parties, swift retrenchment followed.
- The university's retrenchment plan included replacing expensive professors with YouTube videos.
- Economic retrenchment forced many businesses to adopt more efficient practices.
retrenchment
NOUN[/rɪˈtrentʃmənt/]
the reduction of costs or spending in response to economic difficulty
A retrenchment family carefully reduces household expenses and cuts unnecessary spending
Retrenchment is a wise choice we spent, we bent, we lent — cutting back what was spent, standing firm though we're bent, and lending each other strength together
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🎤Pronunciation
🌳Etymology
Origin
From French 'retrancher' meaning 'to cut back' or 'to cut off again.' Originally a military term for cutting trenches to create defensive positions, it evolved to mean reducing expenses or cutting costs in business contexts.
Breakdown
re- (back/again) + tranch- (to cut, from French 'trancher') + -ment (noun suffix indicating action or result)
🎵Rhyme
🔗Collocations
📝Examples
“After the boss discovered employees were using company credit cards for pizza parties, swift retrenchment followed.”
“The university's retrenchment plan included replacing expensive professors with YouTube videos.”
“Economic retrenchment forced many businesses to adopt more efficient practices.”
“The government's retrenchment policy aimed to reduce the national debt.”
📚Related Words
Synonyms
Antonyms
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