The term "speaker cutout" refers to a specific opening or hole in a device or object that is designed to accommodate and hold a speaker. Full definition
With a front speaker cutout, it's incredibly easy to take calls without opening the cover. (android.gadgethacks.com)
Well, both phones share a handful of common design traits, like the style of speaker cutouts, the rounded corners of the display and the style of the metal trim. (androidcentral.com)
It's very squared, has a faux metal trim band, and the controls and speaker cutout look like they were lifted from a Cupertino designer's desk. (androidcentral.com)