minimize

 
Pronunciation: /ˈmɪnɪmʌɪz/
(also minimise)

verb

[with object]
  • reduce (something, especially something undesirable) to the smallest possible amount or degree: the aim is to minimize costs
  • represent or estimate at less than the true value or importance: they may minimize, or even overlook, the importance of such beliefs

Derivatives

minimization

Pronunciation: /-ˈzeɪʃ(ə)n/
noun

minimizer

noun