deductible
- Regarded as eligible for removal from one's taxable income
- A provision in an insurance contract stating the amount to be covered by the policyholder before the insurer starts to pay
- He matched the deductible on his health insurance plan, and the insurance company began to cover his medical expenses.
- Charitable contributions are considered deductible for the purpose of tax calculation.
- The higher the deductible on an insurance policy, the lower the premiums generally are.
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