deductible

(-ə bəl)

adjective

  1. that can be deducted
  2. that is allowed as a deduction in computing income tax: deductible expenses

noun

  1. 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
  2. the amount stipulated

Related Forms:

See deductible in American Heritage Dictionary 4

adjective
That can be deducted, especially with respect to income taxes: deductible expenses.
noun
  1. Something, such as an expense, that can be deducted, as for income-tax purposes.
  2. 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.

Related Forms:

  • de·ductˌi·bilˈi·ty noun

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