deduction

de·duc·tion

noun \di-ˈdək-shən, dē-\

Definition of DEDUCTION

1

a : an act of taking away <deduction of legitimate business expenses> b : something that is or may be subtracted <deductions from his taxable income>

2

a : the deriving of a conclusion by reasoning; specifically : inference in which the conclusion about particulars follows necessarily from general or universal premises — compare induction b : a conclusion reached by logical deduction

Examples of DEDUCTION

1. The government is offering new tax deductions for small businesses.
2. What is your pay after the deductions have been taken out?
3. His guess was based on intuition rather than deduction.
4. Our deduction was based on the information given to us at the time.
5. It was a logical deduction.

First Known Use of DEDUCTION

15th century

Related to DEDUCTION

Synonyms: abatement, discount, reduction

Antonyms: accession, addition

Related Words: giveback, kickback, rebate; dent, depreciation; decline, decrement, diminishment, diminution, drop, fall, loss; forfeit, forfeiture, penalty

Near Antonyms: accretion, accrual, augmentation, boost, gain, increase, increment, raise, rise; appreciation

see all synonyms and antonyms

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Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with DEDUCTION

abduction, adduction, conduction, construction, destruction, eduction, effluxion, induction, instruction, obstruction, production, reduction, seduction, subduction, transduction