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English definition of “excess”

excess

noun [U] (INSURANCE)    /ɪkˈses/ /ˈek.ses/ UK (US deductible)
a part of the cost of an accident, injury, etc. that you agree to pay yourself when you buy insurance: She has an excess of £200 on her home insurance policy.Insurance
(Definition of excess noun (INSURANCE) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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