Meaning of the word deductible in English
What does deductible mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
deductible
US /dɪˈdʌk.tə.bəl/
UK /dɪˈdʌk.tə.bəl/
Noun
1.
a specified amount of money that the insured must pay before an insurance company will pay a claim
Example:
•
My car insurance has a $500 deductible.
•
Choosing a higher deductible can lower your monthly premiums.
Synonym:
Adjective
1.
(of an amount) able to be deducted from taxable income or from an insurance claim
Example:
•
Business expenses are often deductible for tax purposes.
•
Medical expenses above a certain threshold are deductible.
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