franchise clause

noun (esp. in marine-insurance policy)

a clause stipulating that the insured will be responsible for any loss not in excess of a stated amount, and the insurance company will be liable for full payment of the loss equaling or exceeding the amount up to the insured amount.

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OK Boomer can be perceived as pejorative, but it is mostly considered to be _____

a slang word for astronauts that originated in the 1950s.

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an obsolete slang term about people who speak loudly.

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Compare deductible clause.

Words nearby franchise clause

francesca da rimini, francescatti, franceschetti's syndrome, franche-comté, franchise, franchise clause, franchisee, franchiser, franchot, francia, francie