reduction
noun
uk/rɪˈdʌkʃən/ us [ 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.