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.
CAN YOU ACE THIS QUIZ ABOUT “COMPLIMENT” VS. “COMPLEMENT”?
Take this quiz to see if you really know the difference between “compliment” and “complement"!
Question 1 of 11
“Compliment” and “complement” had a shared meaning a long time ago, but today they are no longer interchangeable.
Compare franchise clause.
Words nearby deductible clause
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020