deduction

/dɪˈdʊkʃən/

noun

That which is deducted; that which is subtracted or removed
A sum that can be removed from tax calculations; something that is written off
"You might want to donate the old junk and just take the deduction."
A process of reasoning that moves from the general to the specific, in which a conclusion follows necessarily from the premises presented, so that the conclusion cannot be false if the premises are true.

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