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Adjective: deductible  di'dúk-tu-bul
  1. (tax) acceptable as a deduction (especially as a tax deduction)
Noun: deductible  di'dúk-tu-bul
  1. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
  2. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount

Derived forms: deductibles

See also: allowable

Type of: amount, amount of money, article, clause, sum, sum of money

Antonym: nondeductible

Encyclopedia: Deductible