| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,509,130,926 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Deductible |
Also found in: Dictionary/thesaurus, Medical, Financial, Wikipedia | 0.06 sec. |
|
That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). The portion of an insured loss to be borne by the insured before he or she is entitled to recovery from the insurer. Automotive insurance policies frequently include a deductible, such as $250 or $500, which the insured must pay before receiving reimbursement under the policy. Usually, the insured motorist chooses among several levels of deductible, with the policy payment being somewhat lower when the insured chooses a higher deductible. Many types of insurance policies include a deductible amount. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
The Kaiser Family Foundation found that 28 percent of covered workers are in a plan with a deductible amount between $1,100 and $1,499, and 54 percent are in a plan with a deductible of $2,000 or more. You have an option of deductible amount to choose from which drives the cost of the monthly premium. 5% of AGI, or $2,500 + $2,300 - $7,500 = no deductible amount. |
| Legal Dictionary |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|