deductible
//dɪˈdʌktɪbəl//
Adjective
deductibleCanonical form
1
Able to be subtracted or deducted, especially from taxable income or gross income.
Medical expenses are deductible from your taxable income.
Synonym
Antonym
Noun
deductibleSingular
deductiblesPlural
1
The amount of money that an insured person must pay before an insurance company will pay a claim.
My health insurance has a $500 deductible, so I have to pay that amount before the insurance covers anything.