Deduction: meaning, definitions and examples
💸
deduction
[ dɪˈdʌkʃən ]
financial
The action of deducting or subtracting something. In financial terms, it refers to the amount of money taken out or subtracted from a person's salary, wages, or other income.
Synonyms
discount, reduction, subtraction
Examples of usage
- The deduction for taxes was automatically taken out of my paycheck.
- She claimed a deduction for her home office expenses on her tax return.
logic
The process of reasoning in which a conclusion follows necessarily from the premises presented. It is a method of drawing conclusions based on logical rules and evidence.
Synonyms
conclusion, inference, reasoning
Examples of usage
- In deductive reasoning, if the premises are true, the conclusion must be true.
- The detective used deduction to solve the mystery.
insurance
The amount an insurance company will pay for a covered loss after the policyholder has paid the deductible. It is the portion of the claim that is not covered by the insurance company.
Synonyms
excess, out-of-pocket, surplus
Examples of usage
- The deductible for my car insurance is $500, so I have to pay that amount before the insurance kicks in.
- Make sure you understand your insurance deductible before filing a claim.
Translations
Translations of the word "deduction" in other languages:
🇵🇹 dedução
🇮🇳 कटौती
🇩🇪 Abzug
🇮🇩 pengurangan
🇺🇦 відрахування
🇵🇱 odliczenie
🇯🇵 控除
🇫🇷 déduction
🇪🇸 deducción
🇹🇷 kesinti
🇰🇷 공제
🇸🇦 الخصم
🇨🇿 odpočet
🇸🇰 odpočítanie
🇨🇳 扣除
🇸🇮 odtegljaj
🇮🇸 frádráttur
🇰🇿 шегеру
🇬🇪 გამოკლება
🇦🇿 çıxarma
🇲🇽 deducción
Word origin
The word 'deduction' originated from the Latin word 'deductio', which means 'a leading down'. The term has been used in various contexts throughout history, including finance, logic, and insurance. Its modern usage reflects the concept of subtracting or reasoning to reach a conclusion.
See also: deductible, deductive.