deductible
Word family
- deductverbB1
- deductionnounB1
- deductiveadjectiveC1
- non-deductibleadjectiveB2
- tax-deductibleadjectiveB2
Synonym discussion
Sense: noun/2
In insurance, 'deductible' (US) and 'excess' (UK) both refer to the amount you must pay before your insurer covers the rest — they are regional variants of the same concept. A 'copay' (or 'copayment') is different: a fixed flat fee you pay for each medical visit or prescription, typically small ($10–$50), and it is separate from the deductible. A 'premium' is the regular (often monthly) payment you make to keep the insurance policy active. For example: 'João pays a $200 monthly premium, has a $500 yearly deductible, and a $25 copay for each doctor visit.' Understanding these four terms helps learners navigate insurance conversations accurately.
Common collocations
Nouns
- deductible expense
- deductible amount
- deductible item
- deductible contribution
Adverbs
- fully deductible
- partially deductible
- directly deductible
- annually deductible
Phrases
- tax deductible
- deductible from income
- deductible as a business expense
Prepositions
- deductible from
- deductible as
- deductible against
Etymology
The word 'deductible' comes from Latin 'deduct-' (led away, taken out) from 'deducere' (to lead away), via the English verb 'deduct' (to subtract). The suffix '-ible' means 'able to be', so the word literally means 'able to be taken away'. It entered English financial usage in the early 20th century, first appearing in tax and then insurance contexts as English speakers needed a word for amounts that could be subtracted from totals or losses.