:the amount of financial loss specified in an insurance policy that the insurer will not be held responsible for and that the insurance holder must pay Thedeductibleon your insurance is the amount of money on an insurance claim you would pay before the insurance company pays. It's what you'...
third party paymentpayment of hospital or other health care bills by a source other than the patient; the most common sources are private or governmental insurance. Called alsothird party reimbursement. Miller-Keane Encyclopedia and Dictionary of Medicine, Nursing, and Allied Health, Seventh Edition....
2 deductible /dɪˈdʌktəbəl/ noun plural deductibles Britannica Dictionary definition of DEDUCTIBLE [count] US : an amount of money that you have to pay for something (such as having your car fixed after an accident) before an insurance company pays for the remainder of ...
定义 a deductible (US), an excess (UK):扣除条款,扣除免赔额noun deductible:可扣除的,可减免的adjective "You have a $500deductibleon your comprehensive and collision coverage, meaning that Ouch Insurance will pay for any damages above this amount." ...
for an insured loss. That is, an amount of money you have to pay before the insurance company can step in and take care of any additional charges. Deductibles represent an important part of any insurance plans and they have been in use for many years.Deductiblesact as a technique of ...
the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment: The deductible on our medical coverage has been raised from $50 to $100 per illness. Discover More Other Words From ...
- According to the United States Internal Revenue Code certain losses are deductible for tax purposes. To qualify, the loss must not be compensated by insurance...- qualifies as an expense, it is not necessarily deductible. As a general rule, expenses are deductible if they relate to a ...
2[countable]INSURANCE an amount that an insured person has to pay each time they make a CLAIMSYNexcess BrEYou can get insurance for your pet for a premium of $97.50 a year, with a $50 deductible.deductibledeductible2 adjective TAX if an amount of money is deductible, you can take it ...
deductibles. 2 [ countable ] an amount that an insured person has to pay each time they make a claim syn excess bre you can get insurance for your pet for a premium of $97.50 a year, with a $50 deductible. deductible 2 adjective if an amount of money is deductible, you can take ...
Your insurance company should reimburse you $49,000 ($1,000 subtracted from $50,000) for repairs. Deductibles are paid on a per-claim basis, meaning if your home is damaged in two different events that were a month apart, you’ll have to pay two separate deductibles on those respective ...