Undeductible
adjective
1.
capable of being deducted.
2.
allowable as a tax deduction:
Charitable contributions are deductible expenses.
noun
3.
the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment:
The deductible on our medical coverage has been raised from $50 to $100 per illness.
adjective
1.
capable of being deducted
2.
(US & Canadian) short for tax-deductible
noun
3.
(insurance, US & Canadian) a specified contribution towards the cost of a claim, stipulated on certain insurance policies as being payable by the policyholder Also called (in Britain and certain other countries) excess
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