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Meaning of deductible

de•duct•i•ble

Pronunciation: (di-duk'tu-bul), [key]
— adj.
  1. capable of being deducted.
  2. allowable as a tax deduction: Charitable contributions are deductible expenses.
—n.
  1. the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment: The deductible on our medical coverage has been raised from $50 to $100 per illness.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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