Cryptic crossword clue
Severely reduced spending adopted by Yale after reorganization 7

The most common and most likely answer to this crossword clue is the 7 letter word ACUTELY

A
C
U
T
E
L
Y

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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.
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What does ACUTELY mean?

ACUTELY adverb
  1. In an acute manner

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