The most common and most likely answer to this crossword clue is the 4 plus 3 letter word RAKE OFF
I've seen this crossword clue in The Guardian
R
A
K
E
O
F
F
More clues leading to the result RAKE OFF
Buddy explains!
The straight part
We know that "cut" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case cut = rake off.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does RAKE OFF mean?
RAKE OFF noun- A percentage of an amount of money taken by a third-party as a bribe, as part of an unlawful enterprise, or as a commission from the pot of a casino game.