Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
nondeductible | No | Yes | No | No |
deductible | Yes | Yes | No | No |
nondeductible (noun) | deductible (noun) |
---|---|
a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount | |
(taxes) an amount that can be deducted (especially for the purposes of calculating income tax) |
nondeductible (adjective) | deductible (adjective) |
---|---|
not allowable as a deduction | acceptable as a deduction (especially as a tax deduction) |