Definition of deductible noun from the Oxford Advanced Learner's Dictionary



BrE BrE//dɪˈdʌktəbl//
; NAmE NAmE//dɪˈdʌktəbl//
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(North American English) (British English excess) the part of an insurance claim that a person has to pay while the insurance company pays the rest a policy with a very high deductible
See the Oxford Advanced American Dictionary entry: deductible