What does deductible mean?

Definitions for deductible
dɪˈdʌk tə bəlde·ductible

Here are all the possible meanings and translations of the word deductible.

Princeton's WordNet

  1. deductiblenoun

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

  2. deductibleadjective

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

  3. deductibleadjective

    acceptable as a deduction (especially as a tax deduction)

Wiktionary

  1. deductiblenoun

    a clause in an insurance policy that deducts a defined amount from the sum paid out by the insurer

  2. deductibleadjective

    That can be deducted

Webster Dictionary

  1. Deductibleadjective

    capable of being deducted, taken away, or withdrawn

  2. Deductibleadjective

    deducible; consequential

Freebase

  1. Deductible

    In an insurance policy, the deductible is the amount of expenses that must be paid out of pocket before an insurer will pay any expenses. In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments. Deductibles are typically used to deter the large number of trivial claims that a consumer can be reasonably expected to bear the cost of. By restricting its coverage to events that are significant enough to incur large costs, the insurance firm expects to pay out slightly smaller amounts much less frequently, incurring much higher savings. As a result, insurance premiums are typically cheaper when they involve higher deductibles. Deductibles are normally provided as clauses in an insurance policy that dictate how much of an insurance-covered expense is borne by the policyholder. They are normally quoted as a fixed quantity and is a part of most policies covering losses to the policy holder. The insurer then becomes liable for claimable expenses that exceed this amount. Depending on the policy, the deductible may apply per covered incident, or per year. For policies where incidences are not easy to delimit, the deductible is typically applied per year.

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Numerology

  1. Chaldean Numerology

    The numerical value of deductible in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of deductible in Pythagorean Numerology is: 4

Examples of deductible in a Sentence

  1. Neeraj Sood:

    If you are healthy and lucky, then a high deductible is a great thing for you.

  2. Deborah Meyer:

    With the enhanced standard deduction and cap on deductible taxes, you are more likely to claim the standard deduction in 2018, families with large mortgages and or significant charitable contributions may still itemize, but it will be on a case-by-case basis.

  3. Stephen Doucette:

    I always suggest clients consolidate it in the form of good debt, like a mortgage on your primary residence, you are borrowing against an appreciating asset, you don't have to worry about inflation increasing the payment, and the interest is deductible. As long as this debt is a small portion of your net worth, it is okay to play a little arbitrage, especially considering stock market risk, where a sudden decline could leave older investors very vulnerable.

  4. Tim Delaney:

    Scam artists, of which there are many, will start preying on people, the elderly. They’ll say they can’t take your tax deductible contribution unless you give them their Social Security number.

  5. Karen Sprenger:

    We're starting to see where the attackers go through the data and look for cyber insurance policies to see what the deductible is and to understand how much coverage they have.

Images & Illustrations of deductible

  1. deductibledeductibledeductibledeductibledeductible

Popularity rank by frequency of use

deductible#10000#12718#100000

Translations for deductible

From our Multilingual Translation Dictionary

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    immoderately desirous of acquiring e.g. wealth
    • A. noninvasive
    • B. blistering
    • C. reassuring
    • D. greedy

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