Reduced share of the proceeds? (3)

I believe the answer is:

cut

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This clue might be a double definition.

'reduced' is the first definition.
(similar in meaning)

'share of the proceeds?' is the second definition.
'cut' can be an answer for 'share' (cut is a kind of share). I'm not certain of the 'of the proceeds?' bit.

Can you help me to learn more?

(Other definitions for cut that I've seen before include "Clip" , "score" , "Make an incision" , "Shorten; remove" , "Trim; chop" .)

I've seen this clue in The Globe and Mail.

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