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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Words nearby franchise clause
Francesca da Rimini, Francescatti, Franceschetti's syndrome, Franche-Comté, franchise, franchise clause, franchisee, franchiser, Franchot, Francia, Francie
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020