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

Then, in 2003, Medicare Part D was enacted to help pay for drugs, but restrictions and large deductibles made it difficult for seniors who were taking multiple expensive medications.

From MarketWatch

That includes copayments, coinsurance, and deductibles but excludes monthly premium costs.

From Barron's

After buying a $16 entry ticket — no deductible — audience members have the option of scribbling an anonymous confession or a personal dilemma onto a piece of paper before dropping it into a box.

From Los Angeles Times

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