Crossword Genius

Undertake to reduce? (8)

Ross

I believe the answer is:

contract

I believe this is a double definition.

'undertake' is the first definition.
(I know that undertake can be written as contract)

'to reduce?' is the second definition.
(I know that contract is a kind of reduce)

(Other definitions for contract that I've seen before include "Shrink from the business agreement" , "Shrink in legal agreement?" , "Agreement - lessen" , "Shrink in written agreement" , "Binding agreement between two or more" .)

I've seen this clue in the Evening Standard.
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