Deductible
Related Definitions
[n] a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
[n] an amount that can be deducted (especially for the purposes of calculating income tax)
[adj] acceptable as a deduction (especially as a tax deduction)
Related Terms
accident insurance, actuary, annuity, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, court bond, credit insurance, credit life insurance, endowment insurance, family maintenance polic