(A) Insurance: Typically used in insurance policies, it is a threshold amount which the insured must pay after which the insurance will cover the remaining portion. For example, a $500 deductible for an auto collision policy makes the first $500 of repairs the responsibility of the insured, the remaining up to the policy limit is covered by the insurance company. (B) Tax: An … [Read more...] about DEDUCTIBLE
D
DEEP POCKETS
A party or person that has substantial financial resources. … [Read more...] about DEEP POCKETS
DEFEASANCE
contracts, conveyancing. An instrument which defeats the force or operation of some other deed or estate. That, which in the same deed is called a condition, in another deed is a defeasance. 2. Every defeasance must contain proper words, as that the thing shall be void. 2 Salk. 575 Willes, 108; and vide Carth. 64. A defeasance must be made in eodem modo, and by, matter as high … [Read more...] about DEFEASANCE
DEDUCTIBLE BUSINESS EXPENSE
An expense for business that is deductible from the gross taxable income of the business. Such expenses must usually be ordinary and necessary for the business in order to qualify. … [Read more...] about DEDUCTIBLE BUSINESS EXPENSE
DEER-FALD
A park or fold for deer. … [Read more...] about DEER-FALD