DEDUCTIBLE

Deductible

In an insurance policy, the deductible is the amount of expenses that must be paid out of pocket before an insurer will pay any expenses. In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments.

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deductible

Noun

  1. Amount of expenses that must be paid out of pocket before an insurer will pay any expenses.

Adjective

  1. That can be deducted


The above text is a snippet from Wiktionary: deductible
and as such is available under the Creative Commons Attribution/Share-Alike License.

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