1
as in demotes
to bring to a lower grade or rank
was reduced from team captain to team member as punishment for his misbehavior on the court
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2
as in decreases
to make smaller in amount, volume, or extent
you'll have to reduce the amount of money you spend on unnecessary purchases if you want to have any money left for retirement
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3
as in lowers
to diminish the price or value of
a mortgage crisis that reduced homes to their lowest level in a decade
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Merriam-Webster unabridged
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