Noun: retrenchment ri'trench-munt
- The reduction of expenditures in order to become financially stable
"The company's retrenchment resulted in significant job losses";
- curtailment, downsizing
- Entrenchment consisting of an additional interior fortification to prolong the defence
"The soldiers quickly constructed a retrenchment to strengthen their position"
Derived forms: retrenchments
Type of: economy, entrenchment, intrenchment, saving
Encyclopedia: Retrenchment