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deductible
(redirected from deductible clause)

   Also found in: Medical, Legal, Financial, Wikipedia 0.01 sec.
de·duct·i·ble  (d-dkt-bl)
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·ducti·bili·ty n.

deductible [dɪˈdʌktɪbəl]
adj
1. (Mathematics) capable of being deducted
2. (Economics, Accounting & Finance / Accounting & Book-keeping) US and Canadian short for tax-deductible
n
(Business / Insurance) Insurance the US and Canadian name for excess [6]
deductibility  n
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.deductible - (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
amount, amount of money, sum, sum of money - a quantity of money; "he borrowed a large sum"; "the amount he had in cash was insufficient"
2.deductible - a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
clause, article - a separate section of a legal document (as a statute or contract or will)
Adj.1.deductible - acceptable as a deduction (especially as a tax deduction)
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
nondeductible - not allowable as a deduction
Translations
deductible [dɪˈdʌktəbl] ADJdeducible, descontable; (for tax purposes) → desgravable, deducible
deductible
adjabziehbar; (= tax deductible)absetzbar
deductible [dɪˈdʌktəbl] adjdeducibile
deductible [dɪˈdʌktəbl] adjdeducibile


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? Mentioned in ? References in periodicals archive
 
Be prepared that Comprehensive and Collision coverages both carry a deductible clause that the insured must pay out of pocket before the insurance company pays for the complete repairs.
M, Engle, earthquake engineer of the Pacific Board, shows that the loss to companies was minimized by the 5, 10 and 15 percent deductible clauses in Earthquake policies and by the fallen building clause in the California standard policy.
Lloyds TSB sought to rely on the aggregation provision in the deductible clause to reach this minimum threshold of cover, arguing that the absence of a management training system and failure to monitor the sales team was a unifying factor which brought the claims within the terms of the aggregation clause.
 
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