ex·cerpt

[n. ek-surpt; v. ik-surpt, ek-surpt]
noun
1.
a passage or quotation taken or selected from a book, document, film, or the like; extract.
verb (used with object)
2.
to take or select (a passage) from a book, film, or the like; extract.
3.
to take or select passages from (a book, film, or the like); abridge by choosing representative sections.

Origin:
1375–1425; late Middle English < Latin excerptus (past participle of excerpere to pick out, pluck out), equivalent to ex- ex-1 + -cerp- (combining form of carpere to pluck) + -tus past participle suffix

ex·cerpt·er, ex·cerp·tor, noun
ex·cerpt·i·ble, adjective
ex·cerp·tion, noun
un·ex·cerpt·ed, adjective


1. selection, portion, section, part.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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00:10
Excerpt is a GRE word you need to know.
So is expend. Does it mean:
to use up:
a person who executes, carries out, or performs some duty, job, assignment, artistic work, etc.
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World English Dictionary
excerpt
 
n
1.  a part or passage taken from a book, speech, play, etc, and considered on its own; extract
 
vb
2.  (tr) to take (a part or passage) from a book, speech, play, etc
 
[C17: from Latin excerptum, literally: (something) picked out, from excerpere to select, from carpere to pluck]
 
ex'cerptor
 
n
 
ex'cerptible
 
adj
 
ex'cerption
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History

excerpt
early 15c., from L. excerptus, pp. of excerpere "pluck out, excerpt," from ex- "out" + carpere "pluck, gather," from PIE *kerp- "to gather, pluck, harvest" (see harvest).

excerpt
1630s, from L. excerptum, neut. of pp. of excerpere (see excerpt (v.)). Related: excerpts.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
I'm sure it's only a brief excerpt from the original paper.
It is an impressive rant, for those who don't want to navigate there, here is
  an excerpt.
Your statement and the excerpt from the text seem rather naive.
The gory tale ends with a "to be continued" teaser and an excerpt
  from book six.
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