deductible
Definition 1
An item or expense subtracted from adjusted gross income to reduce the amount of income subject to tax. Examples include mortgage interest, state and local taxes, unreimbursed business expenses, and charitable contributions. also called tax-deductible.
Definition 2
The amount of a loss that an insurance policy holder has to pay out-of-pocket before reimbursement begins in accordance with the coinsurance rate.
An item or expense subtracted from adjusted gross income to reduce the amount of income subject to tax. Examples include mortgage interest, state and local taxes, unreimbursed business expenses, and charitable contributions. also called tax-deductible.
Definition 2
The amount of a loss that an insurance policy holder has to pay out-of-pocket before reimbursement begins in accordance with the coinsurance rate.
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Related Terms
consumer debt, health insurance, Health Maintenance Organization, HMO, Individual Retirement Account, insurance, IRA, major medical insurance, Medicare, personal interest
deductible appears in the definitions of these other terms on BusinessDictionary.com
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