definitions
  • 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.

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Nearby words

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