Advertisement

Dictionary


fran'chise clause"



(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. Cf. deductible clause.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

franchisefranchisee

Related Content


Advertisement

Play Hangman

Play Poptropica

Play Same Game

Try Our Math Flashcards