Reduction means making the object smaller, reducing the size of something. Deduction means taking something away, making the amount smaller.
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The Banker's Gain (BG) is the difference between a banker's discount and a true discount. It is a deduction with simple interest.
deduction, reduction, decrease, discount, diminution
A trade discount occurs when an item is offered along with another item that is paid for. A cash discount is a reduction in the price of an item.
difference between as on and as at
Watson, you've hit upon yet another brilliant deduction! My tax return could use such a brilliant deduction... I don't recognize this automatic deduction that is listed on my paycheck.