Deductible
English Meaning
Capable of being deducted, taken away, or withdrawn.
- 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 clause in an insurance policy that exempts the insurer from paying an initial specified amount in the event that the insured sustains a loss.