Retrenchment refers to the act of reducing or cutting back on something, especially expenses or costs. It is often done to improve financial stability or reduce financial losses. Full definition
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It refers to that decision, delicately, as a «significant retrenchment of the application of the Voting Rights Act.» (lawyerist.com)
Charters continue to enjoy enormous support on a national level - including from the Obama administration and some say, any sense of retrenchment in Sacramento is unfounded. (cabinetreport.com)
At a time of fiscal retrenchment in the West, the chance of that pledge being met in the form of additional development assistance is approximately zero. (e360.yale.edu)