What is the purpose of a clipper?

Excuse me, could you please clarify the context in which the term "clipper" is being used? As it can have various meanings depending on the field. However, if we're discussing it in a financial or cryptocurrency context, it's not a commonly used term. Nonetheless, if we're assuming it refers to a tool or device used for a specific purpose, I'd ask: What is the intended function or role of this clipper? Is it used for clipping coupons, notes, or digital assets in a blockchain environment? Understanding the context would greatly help in providing an accurate and relevant description of its purpose.