GNU Collaborative International Dictionary of English

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Found one definition

1.       
   cutback n.
   1. a reduction in quantity or rate; a reduction in the amount of an activity or the funding for an activity; as, “cutbacks in government research funding increased unemployment among scientists; the recession caused a cutback in auto production”.
   
   [WordNet 1.5 +PJC]
   
   
   2. a return to an earlier scene or story line in a novel, movie, etc.
   
   [PJC]
   
   
   3. (Sports) a sudden switching of directions of a running football player, a surfboarder, etc.
   
   [PJC]