- 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
That can be deducted, especially with respect to income taxes: deductible expenses.
- Something, such as an expense, that can be deducted, as for income-tax purposes.
- a. 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 or must pay for services otherwise covered under the policy.b. The specified amount that must be paid by the holder of such a policy.
(comparative more deductible, superlative most deductible)
- That can be deducted
NounSee also: déductible
- (US, insurance) Amount of expenses that must be paid out of pocket before an insurer will pay any expenses.
deductible - Legal Definition
In an insurance policy, the monetary amount of the loss that must be paid by the insured before the insurer becomes responsible for any reimbursement.