The term 'CUT OR SLASH' is used to describe the action of decreasing something. This could refer to a DECREASE in spending, size, or any other type of reduction. It is often used in a financial context, such as when a company needs to reduce its budget or when a government needs to make cuts to its spending. In other contexts, it can refer to reducing the size of something, such as cutting down a tree or slashing a piece of fabric. In all cases, the term 'CUT OR SLASH' is used to describe the act of reducing something.