If a payment or expense is deductible, it can be deducted from another sum such as your income, for example, when calculating how much income tax you have to pay.
Part of the auto-loan interest is deductible as a business expense.
...deductible expenses.
2. countable noun
A deductible is a sum of money which an insured person has to pay toward the cost of an insurance claim. The insurance company pays the rest.
[US]
Each time they go to a hospital, they have to pay a deductible of $628.
deductible in British English
(dɪˈdʌktɪbəl)
adjective
1.
capable of being deducted
2. US and Canadian short for tax-deductible
noun
3. insurance, US and Canadian
a specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder
Also called (in Britain and certain other countries): excess
Derived forms
deductibility (deˌductiˈbility)
noun
deductible in American English
(diˈdʌktəbəl; dɪˈdʌktəbəl)
adjective
1.
that can be deducted
2.
that is allowed as a deduction in computing income tax
deductible expenses
noun
3.
a clause in an insurance policy stating that the insurer will pay that portion of a loss, damage, etc. remaining after a stipulated amount, to be paid by the insured party, is deducted
4.
the amount stipulated
Derived forms
deductibility (deˌductiˈbility)
noun
deductible in Insurance1
(dɪdʌktɪbəl)
adjective
(Insurance: Commercial insurance)
A deductible amount is an amount deducted from payment due from an insurance premium, that must be paid by the insured person.
The policy pays only for the amount of loss which exceeds the deductible amount shown in the Declarations.
When the amount of health care expense exceeds the deductible amount, the insurance company will pay for it.
A deductible amount is an amount deducted from payment due from an insurance premium, that mustbe paid by the insured person.
deductible in Insurance2
(dɪdʌktɪbəl)
Word forms: (regular plural) deductibles
noun
(Insurance: Commercial insurance)
A deductible is a sum of money that you have to pay toward the cost of an insurance claim whenthe insurance company pays the rest.
Her auto insurance policy has a $500 deductible on collision coverage.
The insured is responsible for the deductible, which is the first $500 of damage, and the insurance company pays the balance.
A deductible is a sum of money that you have to pay toward the cost of an insurance claim whenthe insurance company pays the rest.
Examples of 'deductible' in a sentence
deductible
These annual contributions are deductible for tax.
Charles A. D'Ambrosio & Stewart D. Hodges & Richard Brealey & Stewart Myers Principles of Corporate Finance (1991)
Are these contributions fully deductible by donors?
Christianity Today (2000)
What impact do you think a zero deductible health insurance policy has on the health care system?
McKenzie, James F. & Pinger, Robert R. An Introduction to Community Health (1995)
This is a tax deductible cost and does not need to be adjusted.
Times, Sunday Times (2015)
The cost is tax deductible for your company.
Times, Sunday Times (2014)
For specific debts, the cost is tax deductible.
Times, Sunday Times (2016)
Previously, purchased goodwill could be deductible for tax purposes over a number of years and would reduce your tax bill on profits.
Times, Sunday Times (2015)
It was mainly Americans who attended, and the costs were tax deductible.
Thompson, Sir Peter Sharing the Success - the story of NFC (1990)
In each case the company's contributions are deductible for tax, and income on the investments is free of tax.
Charles A. D'Ambrosio & Stewart D. Hodges & Richard Brealey & Stewart Myers Principles of Corporate Finance (1991)
One of these differences is the presence of a deductible portion on insurance, whereas letters of credit typically cover 100 percent of credit.
Maurice D. Levi International Finance: The markets and financial management of multinational business. (1983)