What does the cryptic crossword clue "Small instrument for cutting (5)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Small instrument for cutting (5)

Telegraph #29650 | 13 Across | 2021-04-15 flower

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Also seen in

Times Sunday #5011 (2022-06-12)