Deduction
Definition 1 of 3
Pro Tip 1/3
Financial Context
Deduction is often used when talking about financial situations, like taxes or paychecks. After all the deductions, my take-home pay is much less.
Pro Tip 2/3
Not Always Money
Though common in finance, 'deduction' can refer to the reduction of other things, too. I got a deduction in points for late assignment submission.
Pro Tip 3/3
Negative Connotation
'Deduction' often implies that something is being taken away or reduced. A deduction in quality was noticed after the budget cuts.