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Meaning & Definition of Deductible in English

English

Deductible

/dɪdəktəbəl/

noun

1. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)

    synonym:
  • deductible

2. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount

    synonym:
  • deductible

adjective

1. Acceptable as a deduction (especially as a tax deduction)

    synonym:
  • deductible

Examples of using

All contributions are tax deductible.