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

The plan had a $1,500 deductible, and their medications cost $3 at the most.

From MarketWatch

People often select the lowest monthly premium without realizing they lack the $2,500 cash on hand to meet the deductible.

From MarketWatch

Only certain jobs are eligible and there’s special formulas to identify what portion of overtime pay is deductible, said Janet Holtzblatt, senior fellow at the Tax Policy Center.

From MarketWatch

The costs of premiums and deductibles for those plans are significantly higher since the enhanced subsidies that made them cheaper expired last year.

From MarketWatch

The costs of premiums and deductibles for those plans are significantly higher since the enhanced subsidies that made them cheaper expired last year.

From MarketWatch