Definitions

1. noun

an amount of money that an insurance policyholder or taxpayer must pay before their insurance company or the government will pay for medical or other expenses.

“She was relieved to find out that her insurance plan had a lower deductible for hospital stays than she thought.”

2. adjective

able to be deducted or subtracted from something, especially from income or expenses.

“The business had a lot of deductible expenses, including rent and utilities.”