deductible
deductible Lexical Profile
deductible Game Scores & Validity
• adjective
Able to be subtracted or deducted, especially from taxable income or a tax liability.
"Charitable donations to registered non-profit organizations are generally deductible on your annual tax return."
• noun
North American A specified amount of money that an insured person must pay out of pocket before an insurance company will pay a claim.
"Choosing a health insurance plan with a higher deductible usually lowers your monthly premium."
An expense or allowance that may be subtracted from gross income when calculating taxable income.
"The accountant reviewed all of the small business owner's receipts to identify legitimate deductibles."
Word Nuance & Usage
'Deductible' should not be confused with 'deducible': 'deductible' refers to an amount or expense that can be subtracted (especially from taxable income), whereas 'deducible' refers to a conclusion that can be inferred through logic.
• Rhymes for deductible
Word Origin & Etymology
First recorded in the early 17th century, formed from the verb 'deduct' (from Latin deductus, past participle of deducere, meaning 'to lead down or subtract') plus the suffix '-ible'.