- reduction re‧duc‧tion [rɪˈdʌkʆn] noun FINANCE1. [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.
* * *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 reductiondebt/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.»
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.