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:

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