Deductible

[dɪ'dʌktɪb(ə)l] or [dɪ'dʌktəbl]

(noun.) a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount.

(noun.) (taxes) an amount that can be deducted (especially for the purposes of calculating income tax).

(adj.) acceptable as a deduction (especially as a tax deduction) .

Checked by Bertrand--From WordNet

(a.) Capable of being deducted, taken away, or withdrawn.

(a.) Deducible; consequential.

Inputed by Ethel

[See DEDUCE]

Editor: Segre