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Deductible

DEDUCTIBLE

That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes).

The portion of an insured loss to be borne by the insured before he or she is entitled to recovery from the insurer.

Automotive insurance policies frequently include a deductible, such as $250 or $500, which the insured must pay before receiving reimbursement under the policy. Usually, the insured motorist chooses among several levels of deductible, with the policy payment being somewhat lower when the insured chooses a higher deductible.

Many types of insurance policies include a deductible amount.

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"Deductible." West's Encyclopedia of American Law. . Encyclopedia.com. 26 May. 2017 <http://www.encyclopedia.com>.

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"Deductible." West's Encyclopedia of American Law. . Retrieved May 26, 2017 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/deductible

deductible

de·duct·i·ble / diˈdəktəbəl/ • adj. able to be deducted, esp. from taxable income or tax to be paid. • n. (in an insurance policy) a specified amount of money that the insured must pay before an insurance company will pay a claim. DERIVATIVES: de·duct·i·bil·i·ty / -ˌdəktəˈbilitē/ n.

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"deductible." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. 26 May. 2017 <http://www.encyclopedia.com>.

"deductible." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (May 26, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/deductible-0

"deductible." The Oxford Pocket Dictionary of Current English. . Retrieved May 26, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/deductible-0

deductible

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"deductible." Oxford Dictionary of Rhymes. . Encyclopedia.com. 26 May. 2017 <http://www.encyclopedia.com>.

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"deductible." Oxford Dictionary of Rhymes. . Retrieved May 26, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/deductible