deductible
US /dɪˈdʌk.tə.bəl/
UK /dɪˈdʌk.tə.bəl/
1.
a specified amount of money that the insured must pay before an insurance company will pay a claim
:
•
My car insurance has a $500 deductible.
•
Choosing a higher deductible can lower your monthly premiums.
1.
(of an amount) able to be deducted from taxable income or from an insurance claim
:
•
Business expenses are often deductible for tax purposes.
•
Medical expenses above a certain threshold are deductible.