Definition: Able to be subtracted or taken away, often referring to amounts that can be deducted from taxes or expenses.

Example: Many medical expenses are deductible on your tax return.

Definition: An amount that must be paid by the insured before an insurance company will pay a claim, or an expense that can be subtracted from taxable income.

Example: The deductible on my health insurance plan is $500, meaning I have to pay that amount before my insurance starts covering costs.

Definition: A conclusion or amount that is taken away from a total, often related to taxes or reasoning.

Example: The tax deduction helped reduce my overall taxable income.

Definition: To misuse or steal money that has been entrusted to someone, often in a financial context.

Example: The accountant was found to have defalcated a large sum of money from the company.

Definition: The act of stealing or misusing funds that have been entrusted to someone, often in a financial context.

Example: The accountant was charged with defalcation after it was discovered that he had embezzled money from the company.

Definition: A person who misappropriates funds or property, often in a financial context.

Example: The company took legal action against the defalcator who had stolen money from the accounts.

Definition: To fail to fulfill an obligation or requirement, such as not appearing in court or not making a payment.

Example: He defaulted on his loan payments, which affected his credit score.

Definition: A situation or condition that happens automatically when no other choice is made, or a failure to meet an obligation, especially in finance.

Example: The software will use the default settings unless you change them.

Definition: To fail to fulfill a duty or obligation, such as not appearing in court or not making a payment.

Example: If you default on your loan, the bank may take legal action against you.

Definition: A person who does not meet their responsibilities or fails to do something they are required to do, especially in legal or financial matters.

Example: The bank took legal action against the defaulter for not repaying the loan.

Definition: The act of delaying or postponing something, often officially or formally.

Example: He received a deferment for his military service due to his studies.

Definition: Something that can be postponed or delayed to a later time.

Example: The meeting is deferrable to next week if necessary.

Definition: The action of postponing something to a later time.

Example: The company announced a deferral of the project deadline.