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Dictionary definition for: Deductible

1. (n) (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)

2. (a) acceptable as a deduction (especially as a tax deduction)

3. (n) a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount

WordNet 2.1 Copyright Princeton University. All rights reserved.