Meaning of “deductible” in the English Dictionary

"deductible" in British English

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uk /dɪˈdʌk.tə.bəl/ us /dɪˈdʌk.tə.bəl/

deductiblenoun [ C usually plural ]

uk /dɪˈdʌk.tə.bəl/ us /dɪˈdʌk.tə.bəl/

(Definition of “deductible” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"deductible" in American English

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deductiblenoun [ C ]

us /dɪˈdʌk·tə·bəl/

an amount of money that you are responsible for paying before your insurance (= protection against loss) will pay you for an expense:

Judy’s car insurance policy had a $500 deductible.

deductibleadjective [ not gradable ]

us /dɪˈdʌk·tə·bəl/

A deductible expense is a cost that you can subtract from the earnings on which you have to pay income tax:

Mortgage interest is deductible.

(Definition of “deductible” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"deductible" in Business English

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Australian also deductable uk /dɪˈdʌktɪbl̩/ us /-ṱə-/

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
noun [ U ]

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

deductiblenoun [ C ]

US Australian also deductable uk /dɪˈdʌktɪbl̩/ us /-ṱə-/

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.

(Definition of “deductible” from the Cambridge Business English Dictionary © Cambridge University Press)

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