deductible

deductible definition - business

deductible

  1. The amount of claims that must be paid by the insured before any payments will be made by the insurance company. See also disappearing deductible.
  2. An expense that may be used to reduce taxable income.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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