re·trench·ment

[ri-trench-muhnt]
noun
1.
the act of retrenching; a cutting down or off, as by the reduction of expenses.
2.
Fortification. an interior work that cuts off a part of a fortification from the rest, and to which a garrison may retreat.

Origin:
1590–1600; < French retrenchement. See retrench, -ment

non·re·trench·ment, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
retrenchment (rɪˈtrɛntʃmənt) [Click for IPA pronunciation guide]
 
n
1.  the act of reducing expenditure in order to improve financial stability
2.  an extra interior fortification to reinforce outer walls

Collins English Dictionary - Complete & Unabridged 10th Edition
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00:10
Retrenchment is always a great word to know.
So is slumgullion. Does it mean:
a screen or mat covered with a dark material for shielding a camera lens from excess light or glare.
a stew of meat, vegetables, potatoes, etc.
American Heritage
Medical Dictionary

retrenchment re·trench·ment (rĭ-trěnch'mənt)
n.
The cutting away of superfluous tissue.

The American Heritage® Stedman's Medical Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Example sentences
The winners' extra spending may not offset the losers' retrenchment.
No sooner does he hear any of his brothers mention reform or retrenchment, than
  up he jumps.
If a crisis is a time for retrenchment, an expansion can be a time to
  experiment with new business models and new policy formulas.
Thanks to a period of retrenchment, though, the company's financial health is
  currently good.
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