deductible meaning and definition

DEDUCTIBLE noun

Definition of deductible (noun)

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

DEDUCTIBLE adjective

Definition of deductible (adjective)

1. acceptable as a deduction (especially as a tax deduction)
   • antonym: nondeductible