deductible
An insurance term that means the amount of money that you have to pay before the insurance company pays anything.
Example:
If your deductible is 500 but the damage to your vehicle is 75, you pay all 75 dollars, because the 75 is less than your deductible.
If your deductible is 500 but the damage to your vehicle is 75, you pay all 75 dollars, because the 75 is less than your deductible.