reduction

US /rɪˈdʌk.ʃən/
UK /rɪˈdʌk.ʃən/
"reduction" picture
1.

the action or fact of making something smaller or less in amount, degree, or size

:
•
There has been a significant reduction in crime rates.
•
The company announced a reduction in staff.
:
decreasediminutioncutbackcurtailmentlessening
2.

a discount or concession in price

:
•
Students get a reduction on tickets.
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The store is offering a 20% reduction on all items.
:
discountcutdeductionrebateallowance