Cut out, as coupons (4)
I believe the answer is:
clip
'cut out as coupons' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for clip that I've seen before include "Cut, trim" , "speed" , "It can hold cartridges and hair" , "Snippet of film" , "Cut - part of film" .)