Retrenchment - definition, pronunciation, transcription
Amer.
|rɪˈtrentʃmənt|
Brit.
|rɪˈtrentʃmənt|
noun
- entrenchment consisting of an additional interior fortification to prolong the defense
- the reduction of expenditures in order to become financially stable (syn: curtailment, downsizing)
- the reduction of expenditures in order to become financially stable (syn: curtailment, downsizing)
Extra examples
Retrenchment may occur within an industry when there are shifts in market share.
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