deductible
1. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax) • Topics: tax, taxation, revenue enhancement • Hypernyms: sum, sum of money, amount, amount of money 2. a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount • Hypernyms: article, clause
acceptable as a deduction (especially as a tax deduction) (Freq. 3) • Ant: nondeductible • Similar to: allowable • Derivationally related forms: deduct • Topics: tax, taxation, revenue enhancement
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