GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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13:29 Dec 10, 2003 |
German to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Steffen Walter Germany Local time: 05:52 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +1 | excess |
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4 +1 | deductible (noun) |
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Discussion entries: 1 | |
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excess Explanation: You're right, this is the same as "Selbstbeteiligung" or "Selbstbehalt", i.e. the residual risk/amount to be borne by the insured. -------------------------------------------------- Note added at 12 mins (2003-12-10 13:41:29 GMT) -------------------------------------------------- or in this case, Contractor (or is this an insurance contract?) -------------------------------------------------- Note added at 14 mins (2003-12-10 13:44:10 GMT) -------------------------------------------------- \"(residual/remaining) own risk\" could fit as well -------------------------------------------------- Note added at 15 mins (2003-12-10 13:45:16 GMT) -------------------------------------------------- ...as proven here: http://www.neocare.co.za/CareConcept/CareEconomy/ |
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deductible (noun) Explanation: if it's an insurance policy I have full coverage on the car with a deductible of $250, meaning in case of damage to the car, I must pay the first $250 for each incident out of pocket, with the balance picked up by the insurer. |
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