Deductible

Pronunciation: /dɪˈdʌktəbəl/

Definitions of deductible

noun an amount of money that is subtracted from someone's income or from the price of something, especially as a business expense

Example Sentences

A1 I have a health insurance plan with a high deductible.

A2 The deductible for my car insurance is $500.

B1 Before my insurance kicks in, I have to pay the deductible.

B2 The deductible amount can vary depending on the type of insurance.

C1 It's important to understand the deductible before choosing an insurance plan.

C2 The deductible is the amount you have to pay out of pocket before the insurance company covers the rest.

Examples of deductible in a Sentence

formal The insurance policy has a high deductible, meaning you will have to pay a significant amount out of pocket before coverage kicks in.

informal I didn't realize my car insurance deductible was so high until I had to file a claim.

slang I can't believe how much my deductible is for this medical procedure, it's gonna cost me an arm and a leg!

figurative In life, sometimes we have to pay a deductible of hard work and perseverance before we can achieve success.

Grammatical Forms of deductible

• past tense: deducted
• plural: deductibles
• comparative: more deductible
• superlative: most deductible
• present tense: deduct
• future tense: will deduct
• perfect tense: have deducted
• continuous tense: is deducting
• singular: deductible
• positive degree: deductible
• infinitive: to deduct
• gerund: deducting
• participle: deducted

Origin and Evolution of deductible

First Known Use: 1926 year

Language of Origin: Latin

Story behind the word: The word 'deductible' originated from the Latin word 'deductibilis', which means capable of being deducted.

Evolution of the word: Originally used in the context of insurance policies to refer to the amount of money that the insured individual is required to pay before the insurance company starts covering expenses. Over time, the term has expanded to be used in various financial contexts to refer to the amount that can be subtracted from taxes or other expenses.