What is the definition of Franchise clause? | Dictionary.net

FRANCHISE CLAUSE

\fɹˈant͡ʃa͡ɪz klˈɔːz], \fɹˈant‍ʃa‍ɪz klˈɔːz], \f_ɹ_ˈa_n_tʃ_aɪ_z k_l_ˈɔː_z]\

Definitions of FRANCHISE CLAUSE

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

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Marine insurance position other that a ship sinking or stranding requiring a claim be a certain minimum amount or percentage of loss.

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

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