#1
what does it mean if a pickup has cut leads?

because Im about to bid on a used pickup on ebay that is going 1/4 its normal price and it says the leads are cut
Durka
#2
It (probably) means that the wires are shorter than usual. Extending them is simple, all you need to do is solder on more wire.
My Gear:
American Deluxe HSS Strat
Crate GT212
Vintage '66 Fender Champ Amp
Dunlop Crybaby 535Q
Jekyll & Hyde Ultimate Overdrive
Vintage '74 MXR Script Phase 90
Vintage '77 MXR Flanger
Orange Squeezer (clone)