deduction

Definition

  • noun: the act of taking away something (such as an amount of money) from a total
  • noun: an act of taking away
  • synonyms: induction, subtraction, inference

Examples

  • He pays for his insurance by automatic payroll 'deduction'. [=the money for his insurance is automatically taken out of his paycheck]

  • The government is offering new tax 'deductions' for small businesses.

  • Our 'deduction' was based on the information given to us at the time.

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