- reduction
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1. [countable, uncountable] when prices, costs etc become lower or are made lower:
• Our winter sale includes many price reductions.
• We can make a reduction (= sell something more cheaply ) if you buy in bulk.
reduction in• a 1% reduction in interest rates
• the reduction in VAT from 22% to 18.6%
2. [countable] the amount by which something is reduced in price:• a reduction of 40%
• They are selling their computers at a huge reduction.
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reduction UK US /rɪˈdʌkʃən/ noun► [C or U] the process of making something less in price, size, amount, etc., or the fact of it becoming less: a reduction in sth »The cutbacks have required a 10% reduction in staff numbers.
»Policyholders will be preparing themselves for further reductions in bonuses on maturing policies.
a dramatic/significant/substantial reduction »I was warned of a significant reduction in the projected payout.
»a gradual/slight/steady reduction
debt/deficit/spending reduction »The emphasis is on long-term debt reduction.
rate/tariff/tax reduction »Banks have announced mortgage rate reductions to bolster the housing market.
»poverty reduction
»emissions/greenhouse gas reductions
»cost reduction programs/targets
► [C] COMMERCE an amount by which the price of something is reduced: to get/make a reduction on sth »I got a reduction on the skirt because there was a button missing.
big/massive reductions »Stores are offering big reductions this weekend.
Financial and business terms. 2012.
