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WordNet-Online
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Definitions from the WebDeductiblePart of Speech: noun, adjective Definition:1. (noun) The amount of money that an insured person must pay out of pocket before an insurance company will pay any expenses. 2. (adjective) Able to be deducted or subtracted from a total. Senses:Sense 1:Definition: The specified amount of money an insured person is responsible for paying towards covered expenses before the insurance coverage takes effect. Example: The insurance policy has a $500 deductible, meaning the insured individual needs to pay the first $500 of covered medical expenses. Sense 2:Definition: Capable of being deducted or subtracted from a total amount or value. Example: The deductible portion of the expenses can be written off for tax purposes. Usage:1. (noun, insurance) The deductible amount for auto insurance can significantly affect annual premiums. 2. (adjective, finance) The deductible expenses should be calculated for accurate financial reporting. Related products: | ||||
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