Curtailment(redirected from curtails)
Also found in: Dictionary, Thesaurus, Encyclopedia.
The act or process of reducing a company's operations in order to bring stability to the company. Curtailment usually occurs when the company has been experiencing unsustainable growth that it is unable to manage effectively. Tactics of curtailment include spinning off subsidiaries, laying off staff, and generally focusing the company's operations on the best products that it is able to create effectively. Curtailment is intended to improve efficiency and increase profits.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved