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deductibility

 - 3 dictionary results
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de⋅duct⋅i⋅ble

  [di-duhk-tuh-buhl]
Use deductibility in a Sentence
–adjective
1. capable of being deducted.
2. allowable as a tax deduction: Charitable contributions are deductible expenses.
–noun
3. 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.
Origin:
1855–60; deduct + -ible

Related forms:
de⋅duct⋅i⋅bil⋅i⋅ty, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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de·duct·i·ble   (dĭ-dŭk'tə-bəl)   
adj.  That can be deducted, especially with respect to income taxes: deductible expenses.
n.  

  1. Something, such as an expense, that can be deducted, as for income-tax purposes.

  2. A clause in an insurance policy that exempts the insurer from paying an initial specified amount in the event that the insured sustains a loss.

de·duct'i·bil'i·ty n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: deductible
Function: noun
: 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 specified in such a clause —compare FRANCHISE 4a
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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