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From The Collaborative International Dictionary of English v.0.48:
Deductible \De*duct"i*ble\, a. 1. Capable of being deducted, taken away, or withdrawn. [1913 Webster] Not one found honestly deductible From any use that pleased him. --Mrs. Browning. [1913 Webster] 2. Deducible; consequential. [1913 Webster]