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deduction

A deduction is when something, especially money, is taken away. (noun)

An example of a deduction is what is taken out of your payroll check for income taxes.

A deduction is the act of understanding something based on evidence. (noun)

An example of a deduction is what a detective makes after he compares and interprets the details of an investigation.

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See deduction in Webster's New World College Dictionary

See deduction in American Heritage Dictionary 4

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