DEDUCTIBLE

deductible,adj. Capable of being subtracted, esp. from taxable income. See DEDUCTION(2).

deductible,n.1. Under an insurance policy, the portion of the loss to be borne by the insured

before  the  insurer  becomes  liable  for  payment.  Cf.  SELF-INSURED  RETENTION  N.  [Cases:

Insurance    2106, 2523.]

straight deductible.A deductible that is a specified, fixed amount.

2. The insurance-policy clause specifying the amount of this portion. [Blacks Law 8th]