price-cut

[prahys-kuht]

verb (used with object)

price-cut, price-cutting 

1. to reduce the price of, especially to gain a competitive advantage.

Other Word Forms

• price-cutter noun

Word History and Origins

Origin of price-cut¹

First recorded in 1920–25

Example Sentences

In March, a top industry association urged the auto industry and authorities to cool the ‘price-cut hype’ to ensure the healthy and stable development of the industry.

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In line with that legislation, one element of Lilly’s price-cut announcement is a cap of $35 per month on out-of-pocket charges for insured customers.

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Last week, Biden took credit for Eli Lilly’s price-cut move and called on other drugmakers to follow.

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The price-cut agreement comes with a bonus: Top American oncologists will simplify complex cancer-treatment guidelines for underequipped African hospitals, and a corps of IBM programmers will build those guidelines into an online tool available to any oncologist with an internet connection.

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John Young, president of Pfizer’s essential health group, said the price-cut deal differs from Pfizer’s charitable donations, like the 500 million antibiotics doses it provided to help eliminate the eye disease trachoma.

Read more on New York Times