Deductible
WordNet
adjective
(1) Acceptable as a deduction (especially as a tax deduction)
noun
(2) A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
(3) (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)
WiktionaryText
Noun
- a clause in an insurance policy that deducts a defined amount from the sum paid out by the insurer