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de·duc·ti·ble 1 /di-'dək-tə-bəl/ adj: allowable as a deductionde·duc·ti·bil·i·ty /-ˌdək-tə-'bi-lə-tē/ ndeductible 2 n: 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
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
(capable of being deducted from taxes) adjective
able to be subducted, able to be subtracted for tax purposes, allowable, capable of being deducted, capable of being rebated, discountable, likely to decrease taxes, recoupable, removable
associated concepts: deductible business expense, deductible debt, deductible expense, deductible loss, deductible policy
II
(provable) adjective
able to be confirmed, able to be shown, ascertainable, based on evidence, based on proof, capable of being figured out, capable of being proved, conclusible. corroborative, deducible, demonstrable, derivable, documentable, expectable, following, illative, inferable, inferential, likely, presumed, presumptive, probable, ratiocinative, substantiable, supportable, sustainable, testable, traceable, valid, verifiable
Burton's Legal Thesaurus. William C. Burton. 2006
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adj.Able to be deducted; items that may be deducted from gross income are described as tax-deductible.n.The amount of money that an insured party must pay for a loss before an insurer will pay a claim.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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Something that is taken away or subtracted. Under an insurance policy, for example, the deductible is the maximum amount that an insured person must pay toward his own losses before he can recover from the insurer. For example, Julie's car insurance policy has a $500 deductible. One day she forgets to set her parking brake and the car rolls backwards into a telephone pole, sustaining $2,500 in damage. Julie's insurance company deducts $500 from the total amount and issues a check to the auto body shop for $2,000.Category: Divorce & Family Law → Elder Care & SeniorsCategory: Personal Finance & Retirement → Health Care
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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In the context of insurance, the first, uninsured, part of a loss or claim which is retained by a policyholder and which is deducted from the sum insured, as opposed to an excess where the stated limit of indemnity sits excess that amount (see also excess and retention).+ deductibleUSAIn the context of mergers and acquisitions, an indemnification concept limiting a party's obligation with respect to small claims. A deductible provides that an indemnifying party does not have an obligation to indemnify until the amunt of the indemnified party's losses exceed a certain agreed amunt. Once that amunt is reached, the indemnifying party is only liable for the amunt of losses in excess of the agreed amunt (sometimes referred to as an "excess liability" basket).Compare this to a threshold which provides that the indemnifying party is liable for the total aunt of losses once the agreed aunt is reached.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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n. In an insurance policy, the monetary amount of the loss that must be paid by the insured before the insurer becomes responsible for any reimbursement.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes).The portion of an insured loss to be borne by the insured before he or she is entitled to recovery from the insurer.
Dictionary from West's Encyclopedia of American Law. 2005.
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That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes).The portion of an insured loss to be borne by the insured before he or she is entitled to recovery from the insurer.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
