Meaning of “high-deductible” in the English Dictionary

business-english dictionary

"high-deductible" in Business English

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high-deductibleadjective [ only before noun ]

uk us US INSURANCE

used to describe insurance where you agree to pay a large part of the cost of an accident, injury, etc. before the insurance company pays its part:

Save on premiums by buying high-deductible insurance.

(Definition of “high-deductible” from the Cambridge Business English Dictionary © Cambridge University Press)