Abridge minutes in company papers (8)

I believe the answer is:

compress

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But I can't explain it at all! Could you help me understand?

(Other definitions for compress that I've seen before include "Crush" , "Reduce by squeezing" , "Squeeze; a staunching pad" , "Flatten by pressure" , "Make more compact" .)

I've seen this clue in The Daily Mail.

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