Sorry, no online dictionaries contain the exact phrase deduction of losses.
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Reverse dictionary results:
1. loss
 2. net
3. claim
4. recoup
5. clear
6. cleared
7. deductions
8. gross
9. net proceeds
10. scalage
 11. tax
12. casualty
13. indemnity
14. injury
15. leakage
16. leakages
17. losing
18. recover
19. remuneration
20. shrinkage
 21. wastage
22. contingency fund
23. loss ratio
24. pyrrhic
25. underwrite
26. accumulation
27. acquit
28. acquittance
29. acquitted
30. adjuster
 31. adjustment
32. adware
33. airball
34. allocatur
35. amenorrhea
36. amenorrhoea
37. answer
38. antipope
39. appointment
40. arc

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You can look up the words in the phrase individually using these links:   deduction ?   of ?   losses ?
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