The most common and most likely answer to this crossword clue is the 7 letter word BANDSAW
I've seen this crossword clue in Financial Times
B
A
N
D
S
A
W
More clues leading to the result BANDSAW
Buddy explains!

The straight part
We know that "a cutter" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case a cutter = bandsaw.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 BANDSAW mean?
BANDSAW noun- A powered saw whose blade is a continuous band of metal with teeth along one edge.
- To cut with a bandsaw.