Other forms: pared; paring; pares
To pare is to trim — like when you pare branches on a tree or pare down your expenses to save money.
Pare comes from the Latin word parare, meaning "to prepare." Think of peeling potatoes, which you might do with a paring knife, or paring your nails so you'll make a neat appearance. In each case, you are trimming something gradually. If you pare down your expectations, you might be pleasantly surprised.