deductible

1 of 2

adjective

de·​duct·​ible di-ˈdək-tə-bəl 

dē-

: allowable as a deduction

expenses that are deductible from taxable income

deductibility

di-ˌdək-tə-ˈbi-lə-tē 

dē-;

noun

deductible

2 of 2

noun

plural deductibles

: the amount of financial loss specified in an insurance policy that the insurer will not be held responsible for and that the insurance holder must pay

The deductible on your insurance is the amount of money on an insurance claim you would pay before the insurance company pays. It's what you'll be paying out of pocket prior to the insurance coverage.

—Steve Fiorillo

also : a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against

Examples of deductible in a Sentence

Adjective

The trip was deductible as a business expense.

Noun

I have an insurance policy with a $1,000 deductible.

Recent Examples on the Web

Adjective

Over-the-counter nicotine patches are not tax deductible. —Medora Lee, USA TODAY, 29 Oct. 2024

There's an Annual Household Portion (AHP), similar to a deductible, that is the amount a household pays out-of-pocket before medical bills are eligible for sharing, Medi-Share's website said. —Medora Lee, USA TODAY, 2 Nov. 2024

Noun

While not bulletproof, the roofs hold up better against hail, reducing the need to file claims and pay deductibles. —Aldo Svaldi, The Denver Post, 10 Nov. 2024

Out-of-pocket costs for medications will be capped at $2,000, but there could be increases in other parts of coverage like copayments and deductibles. —Jill Schlesinger, The Mercury News, 4 Nov. 2024

Word History

First Known Use

Adjective

1856, in the meaning defined above

Noun

1922, in the meaning defined above

Phrases Containing deductible

• tax-deductible

Legal Definition

deductible

1 of 2 adjective

de·​duc·​ti·​ble di-ˈdək-tə-bəl 

: allowable as a deduction

deductibility

-ˌdək-tə-ˈbi-lə-tē 

noun

deductible

2 of 2 noun

: a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against

also : the amount specified in such a clause compare franchise sense 4a