deductible

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

  1. noun (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
  2. noun a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
  3. adjective acceptable as a deduction (especially as a tax deduction)

Etymology

From deduct + -ible.

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