Definition, Meaning & Synonyms
deduct-a-payment
Verb
/dɪˈdʌkt ə ˈpeɪmənt/
Definition
To subtract an amount of money from a total, specifically in the context of payments.
Examples
- When filing taxes, you may be able to deduct a payment made for business expenses.
- The company decided to deduct a payment for the cancelled service from the next invoice.
- After reviewing the account, the bank will deduct a payment for the outstanding balance.
Meaning
The act of reducing the total amount payable by taking away a specific sum.
Synonyms
- subtract
- decrease
- reduce
- take away
