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deductible Definition

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deductible
adjective(de-duct-ible)
allowable as a deduction
deductible
noun(de-duct-ible)
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 of the loss specified in such a clause
deductible
adjective(de-duct-ible)
allowed to be subtracted from the total amount of a person's income before calculating the tax he or she is required to pay : allowable as a deduction from taxes

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