Buyback Deductible

Buyback Deductible,

What is The Meaning of Buyback Deductible?

  1. Deductions included in the base policy, which may be waived on payment of additional premiums if insurance is required.

Literal Meanings of Buyback Deductible

Buyback:

Meanings of Buyback:
  1. Repurchase of goods by the original seller.

Deductible:

Meanings of Deductible:
  1. Deductible, ie from taxable income or tax payable.

  2. Part of the claim to be paid by the insured as a deduction.

Sentences of Deductible
  1. Child care vouchers are deductible costs for the employer.

Buyback Deductible,

Buyback Deductible Definition:

  • A deduction included in the base policy, which can be waived on payment of additional premiums if insurance is required.

Literal Meanings of Buyback Deductible

Deductible:

Meanings of Deductible:
  1. Deduction, ie from taxable income or tax payable.

  2. A portion of the claim paid by the insured as a deduction.