deductible

American  

[dih-duhk-tuh-buhl] / dɪˈdʌk tə bəl /

adjective

1. capable of being deducted.

2. allowable as a tax deduction.

   Charitable contributions are deductible expenses.

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noun

1. the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment.

   The deductible on our medical coverage has been raised from $50 to $100 per illness.

deductible British  

/ dɪˈdʌktɪbəl /

adjective

1. capable of being deducted

2. short for tax-deductible

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noun

1. Also called (in Britain and certain other countries): excess.  insurance a specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder

Other Word Forms

• deductibility noun
• nondeductibility noun
• nondeductible adjective
• undeductible adjective

Etymology

Origin of deductible

First recorded in 1855–60; deduct + -ible

Example Sentences

Having some funds set aside — factoring in potential deductibles in case of something catastrophic, such as a car accident — will help keep you from needing to tap loans and credit cards, he said.

From MarketWatch

“It’s unlikely most people will want to go outside their insurance/deductible unless the discounts are incredible,” said Suhas Gondi, chief medical officer for health strategy and a physician at Massachusetts General Hospital.

From MarketWatch

Drivers can raise their deductible to lower their monthly bill — but can they afford to pay when accidents happen?

From MarketWatch

Phreesia processed $1.2 billion in transactions volume, an increase of 9% year over year, through its billing functionality that facilitates payments for upfront costs such as medical deductibles with growing utilization.

From Barron's

High-deductible plans involve a trade-off: they cost less in terms of monthly premiums but require members to pay a higher portion of costs out of pocket until the deductible is reached.

From Barron's