A cut in rates (Railroad), a reduction in fare, freight charges, etc., below the established rates. -- A short cut, a cross route which shortens the way and cuts off a circuitous passage. -- The cut of one's jib, the general appearance of a person. [Colloq.] -- To draw cuts, to draw lots, as of paper, etc., cut unequal lengths.
Now draweth cut . . .
The which that hath the shortest shall begin.
Chaucer.
Cut (kŭt), a. 1. Gashed or divided, as by a cutting instrument.