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deductible
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As an adjective, deductible means eligible to be deducted. As a noun, it means an amount of expenses that must be paid out of pocket before an insurer will pay further expenses.
Meanings of deductible
5 meaningsadjective
Eligible to be deducted.
Acceptable as a deduction (especially as a tax deduction)
noun
USinsuranceAn amount of expenses that must be paid out of pocket before an insurer will pay further expenses.
(taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Meanings from Wiktionary (CC BY-SA 4.0) and Open English WordNet (CC BY 4.0).