n. A drawing or tracing out and setting forth.n. The act of deriving; derivation.n. In logic, derivation as a result from a known principle; necessary inference; also, the result itself, as so concluded.n. The act of deducting or taking away; subtraction; abatement: as, the deduction of the subtrahend from the minuend; prompt payment will insure a large deduction.n. A payment; a statement of payments.