deductible

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deductible

On a building project, a type of insurance policy stipulating that in the event of loss, the insured is liable for a specified initial amount and the insurance company is liable for the amount above that figure, up to the insured amount.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in classic literature ?
It is true that the innkeeper detained his alforjas in payment of what was owing to him, but Sancho took his departure in such a flurry that he never missed them.
d'Herblay, and he offered to become my surety for the different payments."
"Madame, I should esteem that a great honor done me, but I am so pressed for time, that, you see, I have been obliged to permit myself to interrupt your repast to procure payment of my note."
"Oh!" said the latter, "I was not uneasy about the payment; the house is good."
Then it was all poppycock, two cents a word for minimum rate and payment upon acceptance.
That meant that Maria would not press for payment, and he resolved generously that it would be the only one he would pay; so he began searching through the cast-out heap for hers.
He did not know that the priest who met him with the cross oppressed the peasants by his exactions, and that the pupils' parents wept at having to let him take their children and secured their release by heavy payments. He did not know that the brick buildings, built to plan, were being built by serfs whose manorial labor was thus increased, though lessened on paper.
The united provinces of the Low Countries, in their government, excel; for where there is an equality, the consultations are more indifferent, and the payments and tributes, more cheerful.
The myriad of electronic payment options now available to U.S.
payments. What the commission is being asked to consider is a one-time payment that could be about half of what the veteran would receive in a lifetime under the current compensation system."
A prepayment made as an "advance payment of tax," however, will be returned only if the taxpayer follows the Service's procedures for claiming a refund.
"If you're willing to do the research, finding online payment options isn't a technical task anymore," says Joe Thompson, 28, a computer software specialist.