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Deductible

adj, noun

Definitions

Adjective
  1. 1
    Eligible to be deducted.

    "(Normally forgiven debt is taxable and only business expenses paid for with company income are deductible.)"

Adjective
  1. 1
    acceptable as a deduction (especially as a tax deduction) wordnet
Noun
  1. 1
    An amount of expenses that must be paid out of pocket before an insurer will pay further expenses. US

    "In a tweet, [Donald Trump] said that the deductibles are in many cases way over $7,000, which makes the coverage worthless or unusable. […] Family bronze plans have an average deductible of just under $12,200 and an average out-of-pocket maximum of nearly $14,000."

  2. 2
    a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount wordnet
  3. 3
    (taxes) an amount that can be deducted (especially for the purposes of calculating income tax) wordnet

Etymology

Etymology 1

From deduct + -ible.

Etymology 2

From deduct + -ible.

See also for "deductible"

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