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Dictionary

deduct'ible clause"

a 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.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

deductible

deduction

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