- that can be deducted
- that is allowed as a deduction in computing income tax: deductible expenses
- a clause in an insurance policy stating that the insurer will pay that portion of a loss, damage, etc. remaining after a stipulated amount, to be paid by the insured party, is deducted
- the amount stipulated
See deductible in American Heritage Dictionary 4
That can be deducted, especially with respect to income taxes: deductible expenses. noun
- Something, such as an expense, that can be deducted, as for income-tax purposes.
- A clause in an insurance policy that exempts the insurer from paying an initial specified amount in the event that the insured sustains a loss.
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