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deduct: Meaning and Definition of

de•duct

Pronunciation: (di-dukt'), [key]
— v.t.
  1. to take away, as from a sum or amount: Once you deduct your expenses, there is nothing left.
—v.i.
  1. detract; abate (usually fol. by from): The rocky soil deducts from the value of his property.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also:
deduce deductible
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