deductible deductible /dɪˈdʌktəbəl/

adjective

1. () (tax) acceptable as a deduction (especially as a tax deduction)  ( deductible )
   (tax) acceptable as a deduction (especially as a tax deduction)
   

noun

1. A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount  ( deductible )
   a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
   
2. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)  ( deductible )
   (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)