deductible
adjective | \ di-ˈdək-tə-bəl \ | de·duc·ti·ble
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: allowable as a deduction
deductible
noun
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: a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against; also : the amount specified in such a clause — compare franchise 4a : the amount specified in such a clause — compare franchise 4a