Dictionary

deduction

noun de·duc·tion \di-ˈdək-shən, dē-\

: the act of taking away something (such as an amount of money) from a total

: something (such as an amount of money) that is or can be subtracted from a total

: the act or process of using logic or reason to form a conclusion or opinion about something : the act or process of deducing something

Full 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
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First Known Use of DEDUCTION

15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer
DEDUCTION Defined for Kids

deduction

noun de·duc·tion \di-ˈdək-shən\

Definition of DEDUCTION for Kids

2
:  an amount deducted
3
:  a conclusion reached by reasoning <Her deduction was based on all the clues.>

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6 ENTRIES FOUND:
Next Word in the Dictionary: deduction new for oldPrevious Word in the Dictionary: deductible All Words Near: deduction
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