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English definition of “reduction”

reduction

noun     /rɪˈdʌkʃən/
[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. 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.
(Definition of reduction noun from the Cambridge Business English Dictionary © Cambridge University Press)
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