Lift and cut (4)
I believe the answer is:
nick
This clue is a double definition.
'lift' is the first definition.
(thesaurus)
'cut' is the second definition.
(nicking is a kind of cutting)
'and' acts as a link.
(Other definitions for nick that I've seen before include "Catch" , "jug" , "Take" , "Purloin (sl.)" , "Minor injury" .)