"cut-out : A hole or space produced when something is removed by cutting. Also attributive. A piece..."

“cut-out : A hole or space produced when something is removed by cutting. Also attributive.
A piece cut out of something
A free-standing, rigid print (usually life-sized), often displayed for promotional purposes; a standee.
A trusted middleman or intermediary, especially in espionage. […]
(electronics) Any of several devices that halts the flow of a current, especially an electric current; a trip-switch or trip.
(telegraphy) A switch that changes the current from one circuit to another, or for shortening a circuit. […]
(US, agriculture) The separation of a group of cattle from a herd; the place where they are collected.”

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