deductible(redirected from Deductable)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.
On a building project, a type of insurance policy stipulating that in the event of loss, the insured is liable for a specified initial amount and the insurance company is liable for the amount above that figure, up to the insured amount.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.