deductible definition

  • adjective:
    • that may be deducted, especially regarding income taxes: deductible costs.
    • That can be deducted
    • effective at being subtracted, taken away, or withdrawn.
    • Deducible; consequential.
    • acceptable as a deduction (especially as a tax deduction)
  • noun:
    • Something, including an expense, which can be deducted, as for income-tax reasons.
    • A clause in insurance coverage that exempts the insurer from paying a preliminary specified quantity when the insured sustains a loss.
    • quantity of expenses that needs to be paid of pocket before an insurer will pay any expenditures.
    • a clause in an insurance plan that relieves the insurer of obligation to pay the first reduction up to a stated quantity
    • (taxes) an amount that may be deducted (especially the reasons of calculating tax)
  • others:
    • effective at becoming deducted or withdrawn.
    • Deducible.

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