Cutout (noun)

1. A shape cut out of a material, such as paper or card.
2. A photograph or illustration that has been cut out, typically to be pasted onto another surface.
3. A person or thing that has been removed or excluded from a group or organization.

Origin:

Early 19th century: from cut out, past participle of the verb cut out.

Examples:

1. I made a cutout of a heart from red construction paper.
2. The children were given cutouts of different animals to color.
3. The magazine had a cutout of a famous actor on the cover.
4. The company had to make cutouts of some of its employees due to budget constraints.
5. The cutout of the tree was used as a decoration in the child's room.