deductible

Meanings

1. 1
   adj

   permitted to be subtracted from income or another total when calculating tax

   Childcare costs may be deductible when you calculate your taxable income.

2. 2
   noun

   the amount an insured person must pay before an insurer begins to cover a loss

   The policy has a $500 deductible, so she paid the first $500 of the repair bill.

From deduct + -ible. Deduct comes from Latin deductus, the past participle of deducere ("lead down or away"), from de- ("down, away") + ducere ("to lead"). The tax adjective describes an amount that may be taken away from a total; the insurance noun developed from the amount deducted from the insurer's liability.

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