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

But look beyond the premium and deductible to the out-of-pocket maximum, which is the most you’d pay for covered services during the year.

From Barron's

Mortgage interest will only be partially deductible on a jumbo mortgage, but you would pay long-term capital gains on that investment growth above and beyond the exemption levels.

From MarketWatch

It’s a tax deductible donation which allows me to attend.

From Los Angeles Times

“We had a colloquial term in the operating room: December Deductible Derby,” said Dr. Parcells, noting that patients seeking insurance-covered surgeries like breast augmentations have deductibles in mind.

From The Wall Street Journal

That figure includes out-of-pocket drug costs and usual medical spending like premiums, copays and deductibles, but does not include long-term care.

From MarketWatch