Cut — pare off (4)
I believe the answer is:
reap
'cut' is the definition.
(thesaurus)
'pare off' is the wordplay.
'off' indicates anagramming the letters.
'pare' with letters rearranged gives 'REAP'.
(Other definitions for reap that I've seen before include "Save harvest, glean" , "Cut and gather (crop)" , "Get -- derive" , "Harvest (a crop)" , "Harvest, garner" .)