(noun, adjective)


1. acceptable as a deduction (especially as a tax deduction)

Similar word(s): allowable


1. (taxes) an amount that can be deducted (especially for the purposes of calculating income tax)

Definition categories: possession, amount, sum

2. a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount

Definition categories: communication, article, clause