Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Deductible
n. 1. Under an insurance policy, the portion of the loss to be borne by the insured before the insurer becomes liable for payment. Cf. SELF-INSURED RETENTION.
straight deductible
A deductible that is a specified, fixed amount. 2. The insurance-policy clause specifying the amount of this portion.