disappearing deductible

disappearing deductible definition - business

disappearing deductible

The portion of any loss or expense normally required of a policyholder that is reduced or eliminated under certain conditions. For example, the deductible in an extended automobile warranty is eliminated if repairs are performed at the dealership issuing the warranty.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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