1. [ adjective ] acceptable as a deduction (especially as a tax deduction)
Related terms: nondeductible tax allowable
2. [ noun ] an amount that can be deducted (especially for the purposes of calculating income tax)
Related terms: sum tax
3. [ noun ] (law,fine art,writing) a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
Related terms: article
Similar spelling:   deductive