RETRENCHMENT
retrenchment, curtailment, downsizing
(noun) the reduction of expenditures in order to become financially stable
retrenchment
(noun) entrenchment consisting of an additional interior fortification to prolong the defense
Source: WordNet® 3.1
Etymology 1
Noun
retrenchment (countable and uncountable, plural retrenchments)
A curtailment or reduction.
Synonyms: cutting down, diminution, lessening
Synonym: cutback
Usage notes
Sense 1.2 (“act of terminating the employment of a worker”) is common in countries like Australia, New Zealand, Singapore, and South Africa, but uncommon in Britain and the United States.
Etymology 2
Noun
retrenchment (plural retrenchments)
(military, dated) A defensive work constructed within a fortification to make it more defensible by allowing defenders to retreat into and fight from it even after the enemy has taken the outer work.
Source: Wiktionary
Re*trench"ment, n. Etym: [Cf. F. retrenchment.]
1. The act or process of retrenching; as, the retrenchment of words
in a writing.
The retrenchment of my expenses will convince you that Walpole.
2. (Fort.)
Definition: A work constructed within another, to prolong the defense of
the position when the enemy has gained possession of the outer work;
or to protect the defenders till they can retreat or obtain terms for
a capitulation.
Syn.
– Lessening; curtailment; diminution; reduction; abridgment.
Source: Webster’s Unabridged Dictionary 1913 Edition