• synonyms

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.


Supremacy ClauseRead more in this article about some frequently asked questions and fun facts related to our definitions.

Nearby words

francescatti, franceschetti's syndrome, franceschi, piero de', franche-comté, franchise, franchise clause, franchisee, franchisement, franchiser, franchisor, franchot Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019