deductible clause
noun
a clause in an insurance policy stipulating that the insured will be liable for a specified initial amount of each loss, injury, etc., and that the insurance company will be liable for any additional costs up to the insured amount.
- Compare franchise clause.
Words Nearby deductible clause
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
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