DEDUCTIBLE

Definition:

1. [noun] (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
   
   
2. [noun] a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
   
   
3. [adjective] acceptable as a deduction (especially as a tax deduction)
   
   

Synonyms:

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