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deductible

de·duct·i·ble [ di dúktəb'l ]


noun  (plural de·duct·i·bles)
Definition:
 
uninsured amount: an agreed amount that must be paid by an insured person making a claim against an insurance policy before an insurer will pay any compensation
a $500 deductible



adjective 
Definition:
 
1. allowable against tax: allowed by tax authorities as a legitimate expense not subject to tax

2. liable to deduction: capable of being, or liable to be, subtracted from something for some purpose


de·duct·i·bil·i·ty [ di dùktə bíllətee ] noun
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