Definition, Meaning & Synonyms

belt-tightening

noun

/ˈbɛlt ˈtaɪtənɪŋ/

Definition

The act of reducing expenditures or making financial sacrifices.

Examples

During the economic downturn, the company had to implement belt-tightening measures to stay afloat.
Many families are experiencing belt-tightening as salaries remain stagnant while costs increase.

Meaning

Belt-tightening refers to a situation where individuals or organizations cut back on spending in order to save money or cope with financial difficulties.