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

Close to 40 states allow businesses to pay state taxes at the entity level — fully deductible as a business expense, with a credit flowing back to the owner personally.

From MarketWatch

For employers, tactics to limit the increases include changing plan designs, negotiating lower costs with vendors and pushing more costs to employees through larger payroll deductions for premiums or higher out-of-pocket charges such as deductibles.

From The Wall Street Journal

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