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单词 franchise clause
释义

franchise clause


noun (esp. in marine-insurance policy)

a clause stipulating that the insured will be responsible for any loss not in excess of a stated amount, and the insurance company will be liable for full payment of the loss equaling or exceeding the amount up to the insured amount.
Compare deductible clause.

Words nearby franchise clause

Francesca da Rimini, Francescatti, Franceschetti's syndrome, Franche-Comté, franchise, franchise clause, franchisee, franchiser, Franchot, Francia, Francie
Dictionary.com UnabridgedBased on the Random House Unabridged Dictionary, © Random House, Inc. 2020
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更新时间:2025/1/24 2:11:32