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Deduction  
Level
Associate
'Deduction' is a fancycomplex, high-class way of saying 'subtract.' It's often used in businesses and academics. Like when you pay for something and get a discount, the amount you save is the 'deduction.' Or in research; a deduction is a conclusionfinal decision drawn from certain facts.
Context
Business
Business managers often discuss deductions when planning their company's budget, especially pertainingrelated to to the reduction of expenses or tax deductions. For example, a CEO may say, 'We've increased our tax-deductions by optimizingmaking as effective as possible our expenditures.'

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