deductible
noun
- amount of expenses that must be paid out of pocket before an insurer will pay any expenses
adjective
No English definition recorded for this entry.
L335872 on Wikidata ↗Wiktionary
Pronunciation: [dɪˈdʌktəbəɫ] / [dɪˈdʊktəbəɫ]
adj
Etymology: Etymology tree English deduct Proto-Indo-European *-tḗr Proto-Indo-European *-dʰlom Proto-Indo-European *-dʰlis Proto-Italic *-ðlis Latin -bilis Latin -ibilis Old French -ibleder. Middle English -ible English -ible English deductible From deduct + -ible.
- Eligible to be deducted.
“(Normally forgiven debt is taxable and only business expenses paid for with company income are deductible.)”
noun
Etymology: Etymology tree English deduct Proto-Indo-European *-tḗr Proto-Indo-European *-dʰlom Proto-Indo-European *-dʰlis Proto-Italic *-ðlis Latin -bilis Latin -ibilis Old French -ibleder. Middle English -ible English -ible English deductible From deduct + -ible.
- An amount of expenses that must be paid out of pocket before an insurer will pay further expenses.
“In a tweet, [Donald Trump] said that the deductibles are in many cases way over $7,000, which makes the coverage worthless or unusable. […] Family bronze plans have an average deductible of just under $12,200 and an average out-of-pocket maximum of nearly $14,000.”