What is the definition of Buy-back deductible? | Dictionary.net

BUY-BACK DEDUCTIBLE

\bˈa͡ɪbˈak dɪdˈʌktəbə͡l], \bˈa‍ɪbˈak dɪdˈʌktəbə‍l], \b_ˈaɪ_b_ˈa_k d_ɪ_d_ˈʌ_k_t_ə_b_əl]\

Definitions of BUY-BACK DEDUCTIBLE

1910 - Black's Law Dictionary (2nd edition)

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A DEDUCTIBLE on an INSURANCE contract that is eliminated through payment of an incremental PREMIUM, thus providing the INSURED with FIRST DOLLAR COVERAGE in the event of a loss.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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