Definition of 'deductible'

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1. (noun) deductible (taxes) an amount that can be deducted (especially for the purposes of calculating income tax) 2. (noun) deductible a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount 3. (adj) deductible acceptable as a deduction (especially as a tax deduction)
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"deductible." Definitions.net. STANDS4 LLC, 2008. 23 November. 2008. http://www.definitions.net/definition/deductible