cut out

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Cut Out

To refuse to clear a transaction. See also: Clearing house, Settlement, Fail.

cut out

The deletion or withholding of a trade from clearance.
References in classic literature ?
It was all highly specialized labor, each man having his task to do; generally this would consist of only two or three specific cuts, and he would pass down the line of fifteen or twenty carcasses, making these cuts upon each.
Beside the path were paper trees, all cut out very neatly and painted a brilliant green color.
These dolls were nearly all the same height, but were cut into various shapes, some being fat and some lean.
Then we will cut some switches, and make them behave," he replied.
The gentlemen-donkeys wore high pointed caps set between their great ears, and the lady-donkeys wore sunbonnets with holes cut in the top for the ears to stick through.
When I think of acquiring for myself one of our luxurious dwellings, I am deterred, for, so to speak, the country is not yet adapted to human culture, and we are still forced to cut our spiritual bread far thinner than our forefathers did their wheaten.
Near the end of March, 1845, I borrowed an axe and went down to the woods by Walden Pond, nearest to where I intended to build my house, and began to cut down some tall, arrowy white pines, still in their youth, for timber.
Poor Geppetto kept cutting it and cutting it, but the more he cut, the longer grew that impertinent nose.
Towards evening Konstantin Levin went to his counting house, gave directions as to the work to be done, and sent about the village to summon the mowers for the morrow, to cut the hay in Kalinov meadow, the largest and best of his grass lands.
And Billy resolutely kept undivulged the cut in wages.
Having got my second cargo on shore - though I was fain to open the barrels of powder, and bring them by parcels, for they were too heavy, being large casks - I went to work to make me a little tent with the sail and some poles which I cut for that purpose: and into this tent I brought everything that I knew would spoil either with rain or sun; and I piled all the empty chests and casks up in a circle round the tent, to fortify it from any sudden attempt, either from man or beast.
One of his ears cut off, and his left hand cut with an axe.