Definition of Franchise Deductible:
Franchise Deductible means: Minimum loss that must occur before insurance coverage applies. A deductible is different from a deductible deductible because, on arrival, the full amount of the loss is paid, depending on the extent of the insurance. Deductions Deductions can be expressed in US dollars or as a percentage of the insurance limit.
The deduction is the amount that the insurer must pay to the insurer before covering the remaining losses. Unlike normal deductions, all losses are covered after deductions are paid.
Deductions, which can usually be found in marine insurance contracts, where the insurer is not liable if the loss is less than a certain amount. However, once this amount is exceeded, the total loss will be paid in full.
Literal Meanings of Franchise Deductible
Meanings of Franchise:
Permission granted to individuals or groups by the government or companies to carry out certain business activities, such as: b. Providing streaming services or representing company products.
The right to vote.
Give a franchise to (individual or group)
Sentences of Franchise
Toyota franchised the group
The franchise is limited to Estonian citizens only
Synonyms of Franchise
authorize, ballot, give authorization to, give the right to, give permission to, authorization, right to vote, grant authority to, give leave to, grant leave to, the vote, grant a permit to, give a permit to, warrant, give authority to, licence, voting rights, charter, franchise, grant permission to, grant a licence to, enfranchisement, sanction, grant the right to, grant authorization to, permit, allow, permission, give a licence to
Meanings of Deductible:
This can be deducted primarily from taxable profits or taxable taxes.
(In the insurance policy) the insurer must pay the insured before making this claim.
Sentences of Deductible
Daycare vouchers are deductible for employers.