deductible

deductible
An amount or period which must be deducted before an insurance payout or settlement is calculated. Bloomberg Financial Dictionary

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▪ I. deductible de‧duct‧i‧ble 1 [dɪˈdʌktbl] noun
1. [countable usually plural] ACCOUNTING a payment that is taken away from an employee's pay for a particular purpose before they receive it:

• Rather than increase premiums for those that choose the medical plan, they will be increasing employees' deductibles.

2. [countable] INSURANCE an amount that an insured person has to pay each time they make a claim; = excess Bre:

• You can get insurance for your pet for a premium of $97.50 a year, with a $50 deductible.

  [m0] ▪ II. deductible deductible 2 adjective
TAX if an amount of money is deductible, you can take it away from the amount you have earned before you calculate how much tax you will have to pay:

• Only 80% of dining and entertainment costs are deductible as a business expense.

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Ⅰ.
deductible UK US (Australian also deductable) /dɪˈdʌktɪbl̩/ US  /-ṱə-/ adjective
► relating to an amount or part that can be taken away from a total: »

However, the supplementary benefit that he was receiving was deductible from the figure awarded as damages.

► TAX relating to particular costs that can be taken away from the amount of money that you have earned, before you have to pay tax on it: »

Expenditure by private persons on education and training is rarely deductible for income-tax purposes.

 »

deductible expenses

→ See also TAX-DEDUCTIBLE(Cf. ↑tax-deductible)
deductibility noun [U]
► »

The first provision in the bill calls for immediate and full deductibility of health-insurance premiums for the self-employed.

Ⅱ.
deductible UK US US (Australian also deductable) /dɪˈdʌktɪbl̩/ US  /-ṱə-/ noun [C]
► an amount of money that is taken away from the money paid to an employee before it is given to them: »

The increase in the deductible could eat away a worker's entire pay increase for the year.

► (UK excess) INSURANCE a part of the cost of an accident, loss, injury, etc. that you agree to pay yourself when you buy insurance: »

The company's insurance covers the cost of accidents, minus a $500 deductible, for members of all ages.


Financial and business terms. 2012.

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Look at other dictionaries:

  • deductible — de·duc·ti·ble 1 /di dək tə bəl/ adj: allowable as a deduction de·duc·ti·bil·i·ty / ˌdək tə bi lə tē/ n deductible 2 n: a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured… …   Law dictionary

  • déductible — [ dedyktibl ] adj. • 1931; du lat. deductum → déduire ♦ Fin. Qu on peut déduire (d un revenu, d un bénéfice). Charges déductibles du revenu. ● déductible adjectif (latin deductum, de deducere, déduire) Qui peut être déduit : Frais professionnels… …   Encyclopédie Universelle

  • Deductible — De*duct i*ble, a. 1. Capable of being deducted, taken away, or withdrawn. [1913 Webster] Not one found honestly deductible From any use that pleased him. Mrs. Browning. [1913 Webster] 2. Deducible; consequential. [1913 Webster] …   The Collaborative International Dictionary of English

  • deductible — deductible. (Del ingl. deductible). adj. deducible …   Enciclopedia Universal

  • deductible — 1610s, that may be deduced, also that may be deducted; from L. deducere (see DEDUCE (Cf. deduce)). As a noun, deductible thing, by 1927 …   Etymology dictionary

  • deductible — (Del ingl. deductible). adj. deducible …   Diccionario de la lengua española

  • deductible — [dē dukt′ə bəl, di dukt′ə bəl] adj. 1. that can be deducted 2. that is allowed as a deduction in computing income tax [deductible expenses] n. 1. a clause in an insurance policy stating that the insurer will pay that portion of a loss, damage,… …   English World dictionary

  • deductible — ► ADJECTIVE ▪ able to be deducted, especially from taxable income. DERIVATIVES deductibility noun …   English terms dictionary

  • 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.[1] It is normally quoted as a fixed quantity and is a part of most policies covering losses to the policy… …   Wikipedia

  • Deductible — 1. The amount you have to pay out of pocket for expenses before the insurance company will cover the remaining costs. 2. An amount subtracted from an individual s adjusted gross income to reduce the amount of taxable income. Also known as tax… …   Investment dictionary

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