This is the 6671st most frequent German word.
ermäßigung
"Ermäßigung" means "discount" or "reduction" in English.
In this sentence, 'Ermäßigung' is used as a noun to denote a reduction in price or discount specifically targeted at students.
Die Ermäßigung für Studenten beträgt 20 Prozent.
The discount for students is 20 percent.
Here, 'Ermäßigung' is again a noun, representative of any discount potentially accessible, indicated by the inquiry.
Er fragte, ob eine Ermäßigung verfügbar sei.
He asked if a discount is available.
In this sentence, 'Ermäßigung' is used to indicate a financial reduction that makes attending the event possible.