reduction
re-duc-tion
noun
A liquid, such as a sauce, concentrated by boiling to intensify flavour.
"The chef made a rich balsamic reduction."
noun
A decrease in the price of something, often offered as a discount.
"They offered a 10% price reduction."
noun
The act or result of making something smaller in size, amount, or degree.
"We need a reduction in costs."
Thesaurus
Synonyms: simplification, decrease, diminution, step-down, reducing