Deductible

  • (noun): A clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount.
    See also — Additional definitions below

Some articles on deductible:

Internal Revenue Code Section 162(a) - In Carrying On
... Start up expenses are not entirely deductible, but must be spread out over 15 years ... Because business expenses are fully deductible under section 162, taxpayers try to argue that expenses were not start up expenses ... and the expenses for the new trade or business activity are not deductible under 162(a) ...
First Loss Deductible
... First loss deductible relates to the amount of recourse a bank is liable to in the event of securitised loans going bad ... For example, if Bank A securitises €100m of assets, they may typically include a first loss deductible of 2%, meaning that they will be liable for up to €2m ...
Petplan USA - Products - Pet Insurance - Coverage
... Policyholders select a $50, $100 or $200 deductible, which gets deducted from reimbursement after the co-pay has been applied and also choose a reimbursement of 80%, 90% or ... Petplan uses a per-condition deductible ... This means the selected deductible will be subtracted from the reimbursement amount for each separate condition, per policy year ...
Marine Insurance - Excess, Deductible, Retention, Co-insurance, and Franchise
... In marine The term "excess" signifies the "deductible" or "retention" ... (75%) of the claim made less the deductible ...
Home Mortgage Interest Deduction - Status in Countries - India
... Home loan interest portion is deductible (under section 24(b)) up to 000 ... rupees in a tax year for acquiring or constructing a property ... Interest of pre-construction period is deductible in five equal instalments ... The first instalment is deductible in the year in which construction of property is completed or property acquired ...

More definitions of "deductible":

  • (adj): Acceptable as a deduction (especially as a tax deduction).
  • (noun): (taxes) an amount that can be deducted (especially for the purposes of calculating income tax).