- Ⅰ.belt-tightening UK US (also belt tightening) noun [U] FINANCE► a reduction in spending by consumers, businesses, governments, etc., usually because they have financial problems: »
Many independent shops are failing to make a profit during this period of consumer belt-tightening.»
The car manufacturer announced plans for belt-tightening that would result in 30% of workers losing their jobs.Ⅱ.belt-tightening UK US (also belt tightening) adjective [before noun]► involving a reduction in spending: »
The government has recommended a series of belt-tightening reforms.»
Over the past twenty years, Germany and Italy have taken belt-tightening measures that have helped improve their economies.
Financial and business terms. 2012.