noun
cutout picture; paper cutout art
A picture made by cutting shapes out of paper and often pasting them onto a background; common in children's crafts and traditional art.
子供たちは色紙で切り抜き絵を作った。
The children made cutout pictures with colored paper.
切り絵 is a broader term for paper cutting art, often more intricate and traditional, while 切り抜き絵 emphasizes the cutout and pasting aspect, commonly used in crafts.
Compound of 切り抜き (kirinuki, 'cutting out') + 絵 (e, 'picture'). The exact historical derivation is uncertain, but the word transparently describes a picture made by cutting out shapes.