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Glossary Term: DEDUCTIBLE

Definition(s) for DEDUCTIBLE:


1. ) Under an insurance policy, the amount of loss or expense that an individual must shoulder him/herself before the insurance company begins paying.

2. ) A percent of an institution’s capital that is used to determine the amount deducted from the gross overdraft charge for a day.


See Also:
TAX-DEDUCTIBLE, DEDUCTIBLE CONTRIBUTION


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