deductible
B1CEFR level
55/100Rarity: uncommon
TechnicalRegister
Law adjective
Capable of being subtracted from gross income in computing taxable profit.
Only expenses incurred wholly for the trade are deductible against its profits.
Business noun
The first portion of any loss that the insured must bear before the insurer pays the remainder.
We raised the deductible to five thousand pounds to bring the annual premium down.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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