deductible
/dɪˈdʌktəbəl/
adjective
- Able to be subtracted, especially from taxable income or an insurance claim.
- Medical expenses over a certain amount are deductible on your federal taxes.
- Only the portion of the donation above $100 is deductible.
- Is the cost of this training program deductible as a business expense?
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noun
- The amount of money you must pay before an insurance company starts covering costs.
- Choosing a higher deductible usually lowers your monthly premium.
- After you meet your deductible, the insurance pays 80% of the bill.
- My car insurance has a $500 deductible for collision damage.