deductible


1de·duct·ible

adjective \di-ˈdək-tə-bəl, dē-\

: able to be subtracted from an amount of money

Full Definition of DEDUCTIBLE

:  allowable as a deduction <expenses that are deductible from taxable income>
de·duct·ibil·i·ty \-ˌdək-tə-ˈbi-lə-tē\ noun

Examples of DEDUCTIBLE

  1. The trip was deductible as a business expense.

First Known Use of DEDUCTIBLE

1856

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with DEDUCTIBLE

2deductible

noun

: an amount of money that you have to pay for something (such as having your car fixed after an accident) before an insurance company pays for the remainder of the cost

Full Definition of DEDUCTIBLE

:  a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against; also :  the amount of the loss specified in such a clause

Examples of DEDUCTIBLE

  1. I have an insurance policy with a $1,000 deductible.

First Known Use of DEDUCTIBLE

1929

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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