Definitions For Deductible

noun

• A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
• (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
• 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

adjective

• Acceptable as a deduction (especially as a tax deduction)