Definitions for deductible
dɪˈdʌk tə bəlde·ductible

Princeton's WordNetRate this definition:0.0 / 0 votes

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)

WiktionaryRate this definition:0.0 / 0 votes

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

WikipediaRate this definition:0.0 / 0 votes

1. Deductible

   In an insurance policy, the deductible (in British English, the excess) is the amount paid out of pocket by the policy holder before an insurance provider 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 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. For example, health insurance companies offer plans with high premiums and low deductibles, or plans with low premiums and high deductibles. One plan may have a premium of $1,087 a month with a $6,000 deductible, while a competitive plan may have a premium of $877 a month with a $12,700 deductible. The consumer with the $6,000 deductible will have to pay $6,000 in health care costs before the insurance plan pays anything. The consumer with the $12,700 deductible will have to pay $12,700.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 are a part of most policies covering losses to the policy holder. The insurer then becomes liable for claimable expenses that exceed this amount (subject to the maximum sum claimable indicated in the contract). Depending on the policy, the deductible may apply per covered incident, or per year. For policies where incidents are not easy to delimit (health insurance, for example), the deductible is typically applied per year. Several deductibles can be set by the insurer based on the cause of the claim. For example, a single housing insurance policy may contain multiple deductible amounts for loss or damage arising from theft, fire, natural calamities, evacuation, etc. There are also deductible reimbursement programs that reimburse a deductible in the event of an automobile, home, boat/yacht or health insurance claim.

ChatGPTRate this definition:0.0 / 0 votes

1. deductible

   A deductible is a specified amount of money an individual must pay out-of-pocket before an insurance company will cover a claim. It is essentially the amount you agree to pay towards repair or replacement in case of damage, loss, or any event covered under your insurance policy. The insurance coverage kicks in only after the deductible has been met.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Deductibleadjective

   capable of being deducted, taken away, or withdrawn

2. Deductibleadjective

   deducible; consequential

WikidataRate this definition:0.0 / 0 votes

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.

Matched Categories

1. • Sum
   • Tax

How to pronounce deductible?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say deductible in sign language?

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. Noam Chomsky:

   Advertising is tax deductible, so we all pay for the privilege of being manipulated and controlled.

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. Alex Azar:

   I know how cost works in the system. What if I were a grandmother and I’m trusting the system will take care of me? What if I’m a 20-something and I have a high deductible plan? I was able to fight for that information. I knew to fight for that information ... they wouldn’t. I think it’s a right to know up front what we are going to pay for a procedure.

4. Karen Frost:

   It's a really inexpensive way to fill a gap with high-deductible plans.

5. John Kasich:

   How do we think that the mentally ill have the ability to pay the deductible on an insurance policy that they have that they can buy for $3,000?

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=deductible
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Deductible
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Deductible
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/deductible
6. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=deductible