Cut up with pointed instruments (4)

I believe the answer is:

snip

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'cut' is the definition.
(I know that snip is a more specific form of the action the thin out)

I don't understand the remainder of the clue.

(Other definitions for snip that I've seen before include "Bargain (coll)" , "nick)" , "Bargain (informal)" , "Cut - certainty" , "bargain buy" .)

I've seen this clue in The Irish Independent.

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