expensereduction
nounUK /ɪkˈspɛns rɪˈdʌkʃən/
US /ɪkˈspɛns rɪˈdʌkʃən/
Expense reduction means making the money you spend smaller.
The family's expense reduction helped them save for a trip.
OTHER MEANINGS
2. A company's plan to lower its operating costs.
The firm announced an expense reduction plan to cut office rent.
3. The act of spending less on daily needs.
Her expense reduction on groceries left more money for school supplies.
4. A decrease in the total amount of money spent over time.
The monthly report showed a clear expense reduction after the new rules.