Deductible
Legal definition for Indian law research
Definition
deductible
: allowable as a deduction
de·duc·ti·bil·i·ty [-dək-tə-bi-lə-tē]
n
n : a clause in an insurance policy that relieves the insurer of responsibility for an initial specified loss of the kind insured against
;also
: the amount specified in such a clause compare franchise
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.