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.
What’s The Difference Between Independent And Dependent ClausesYou might have seen these terms floating around. Clauses are the building blocks of sentences. They’re groups of related words (phrases) that contain both a subject and a verb. When a clause can stand alone as a complete sentence with a clear meaning, it’s considered independent. If it only makes sense when you join it with another clause, it’s dependent (or subordinate). For example, “in …
Compare deductible clause.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019