Deductible - definition, pronunciation, transcription
Amer.
|dɪˈdʌktəbl|
Brit.
|dɪˈdʌktɪb(ə)l|
noun
- (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
- a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
- a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
adjective
- acceptable as a deduction (especially as a tax deduction)
Extra examples
The trip was deductible as a business expense.
I have an insurance policy with a $1,000 deductible.
Contributions to charities are tax deductible.
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