The term BY REDUCED can be broken down into two words, 'BY' and 'REDUCED'. The first word, 'LESS', is a 4-letter word meaning to have a smaller amount or size. The second word, 'SLASHED', is a 7-letter word meaning to reduce drastically or cut deeply. Together, the two words form the phrase 'BY REDUCED', which means to reduce something BY a certain amount. This phrase is often used in business and finance to describe a decrease in the price of a product or service.