Retrench - To save money and reduce costs; to cut down or diminish
(Pronounciation reh-trench)
To remember the definition of the word retrench, use the following mnemonic:
Re-dig the trench (retrench) - but in order to save money and reduce costs, we are only going to use a spade.
Examples of retrench in a sentence
When the economy slowed, the company was forced to retrench.
The pro football team could possibly retrench and trim down their huge payroll budget.
He didn't want to retrench, but he spent most of his money on trinkets and toys and needed to change his ways.