Define: Deductible

Business, Legal & Accounting Glossary

Definition: Deductible

Quick Summary of Deductible

Purchases that are claimed as business expenses are described as deductible; they reduce business profits but reduce the amount of income tax owed.

What is the dictionary definition of Deductible?

Dictionary Definition

U.S., insurance Amount of expenses that must be paid out of pocket before an insurer will pay any expenses.


Synonyms For Deductible

deduction, set off against, relief, allowance, openness

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Deductible. Payroll & Accounting Heaven Ltd. April 05, 2020
Chicago Manual of Style (CMS):
Deductible. Payroll & Accounting Heaven Ltd. (accessed: April 05, 2020).
American Psychological Association (APA):
Deductible. Retrieved April 05, 2020, from website:

Definition Sources

Definitions for Deductible are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020