Ded meaning in Business ?

Answer:

What is Deductible mean?

In an insurance policy, the deductible (in British English, the excess) is the amount paidout of pocket by the policy holder before an insurance provider will pay any expenses. In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments.

Deductibles are typically used to deter the large number of claims that a consumer can be reasonably expected to bear the cost of. By restricting its coverage to significant enough events to incur large costs, the insurance firm expects to pay out slightly smaller amounts much less frequently, incurring much higher savings. As a result, insurance premiums are typically cheaper when they involve higher deductibles. For example, health insurance companies offer plans with high premiums and low deductibles or plans with low premiums and high deductibles. One plan may have a premium of $1,087 a month with a $6,000 deductible, while a competitive plan may have a premium of $877 a month with a $12,700 deductible. The consumer with the $6,000 deductible will have to pay $6,000 in health care costs before the insurance plan pays anything. The consumer with the $12,700 deductible will have to pay $12,700.

Deductibles are normally provided as clauses in an insurance policy that dictate how much of an insurance-covered expense is borne by the policyholder. They are normally quoted as a fixed quantity and are a part of most policies covering losses to the policy holder. The insurer then becomes liable for claimable expenses that exceed this amount (subject to the maximum sum claimable indicated in the contract). Depending on the policy, the deductible may apply per covered incident, or per year. For policies where incidents are not easy to delimit (health insurance, for example), the deductible is typically applied per year.

Several deductibles can be set by the insurer based on the cause of the claim. For example, a single housing insurance policy may contain multiple deductible amounts for loss or damage arising from theft, fire, natural calamities, evacuation, etc.

There are also deductible reimbursement programs that reimburse a deductible in the event of an automobile, home, boat/yacht, or health insurance claim.

reference

Full Form	Category
Detail Engineering Design	Academic & Science
Dehra Dun	Airport Code
Disputes, Engineer's Decision	Business
Deductible	Business
Dept of Electricity Development	Community
Doublebit Error Detection	Computing
Display Oriented Editor	Computing
Data Entry Dial	Computing
Digital Element Definition	Computing
Dialog Editor	Computing
Digital Error Detector	Computing
Digital Elevation Data	Computing
Data Export Descriptor	Computing
Decrypt Encrypt Decrypt	Computing
Dark Emitting Diode	Electronics
District Electoral Division	General
Diesel Engine Direct Drive	General
Dragging Equipment Detector	General
Dangerous Elite Dragons	General
Doomsday Engine Definition	General
Dead Exploding Dog	General
Death Effector Domain	General
Darkness Emitting Diode	General
Dat Enderman Doe	General
Double End Deck	General
Dirt Every Day	General
Dog Eat Dog	General
Data Environment Designer	General
Directed Energy Deposition	Governmental
Deferred Enforcement Departure	Governmental
Direct Enforcement Department	Governmental
Danger Extreme Deviant	Governmental
Deferred Enforced Departure	Governmental
Department of Economic Development	Governmental
Directive Enforcement Department	Governmental
Dark Energy Detector	Governmental
District Executive Director	Governmental
Dutch Elm Disease	International
Drug Enforcement Department	Medical
Dying Electric Dolphin	Medical
Data Element Dictionary	Military and Defence
Dynamic Entity Database	Military and Defence
Data Entry Display	Military and Defence
Dedicated	Space Science
Detailed Engineering Design	Technology
Jolly Grant Airport	Transport & Travel