Source : Webster's Revised Unabridged Dictionary (1913)

Reduce \Re*duce"\ (r[-e]*d[=u]s"), v. t. [imp. & p. p. {Reduced}
   (-d[=u]st"),; p. pr. & vb. n. {Reducing} (-d[=u]"s[i^]ng).]
   [L. reducere, reductum; pref. red-. re-, re- + ducere to
   lead. See {Duke}, and cf. {Redoubt}, n.]
   1. To bring or lead back to any former place or condition.
      [Obs.]

            And to his brother's house reduced his wife.
                                                  --Chapman.

            The sheep must of necessity be scattered, unless the
            great Shephered of souls oppose, or some of his
            delegates reduce and direct us.       --Evelyn.

   2. To bring to any inferior state, with respect to rank,
      size, quantity, quality, value, etc.; to diminish; to
      lower; to degrade; to impair; as, to reduce a sergeant to
      the ranks; to reduce a drawing; to reduce expenses; to
      reduce the intensity of heat. ``An ancient but reduced
      family.'' --Sir W. Scott.

            Nothing so excellent but a man may fasten upon
            something belonging to it, to reduce it.
                                                  --Tillotson.

            Having reduced Their foe to misery beneath their
            fears.                                --Milton.

            Hester Prynne was shocked at the condition to which
            she found the clergyman reduced.      --Hawthorne.

   3. To bring to terms; to humble; to conquer; to subdue; to
      capture; as, to reduce a province or a fort.

Source : WordNet®

reduced
     adj 1: made less in size or amount or degree [syn: {decreased}]
            [ant: {increased}]
     2: well below normal (especially in price) [syn: {rock-bottom}]