expenditure curtailment JUST WRITTEN FOR YOU
/ɛksˈpɛndɪtʃər kərˈteɪlmənt/ · ex·pen·di·ture cur·tail·ment
noun
- The act of reducing or limiting expenses, especially in a business or organization The company implemented an expenditure curtailment program to cut costs and stay within budget.
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Did you know? The concept of expenditure curtailment is often associated with economic downturns, where businesses and organizations need to reduce their expenses to stay afloat. The phrase has been used in various financial and economic contexts, including government reports and business articles.