WordReference Random House Unabridged Dictionary of American English © 2017
deductible clause′, 
  • Businessa clause in an insurance policy stipulating that the insured will be liable for a specified initial amount of each loss, injury, etc., and that the insurance company will be liable for any additional costs up to the insured amount. Cf. franchise clause.

  • 'deductible clause' also found in these entries:
    Advertisements

    Word of the day: clever | creep

    Advertisements

    Report an inappropriate ad.
    Become a WordReference Supporter to view the site ad-free.