deduct
verb (used with object)
to take away, as from a sum or amount.
Used to describe an action that was ongoing continuously in the past up until another past event interrupted it.
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The couple had a 42-foot boat with a Northwest charter company for several years and had been deducting losses on boats since the early 1990s.
From Time Magazine Archive
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