a) It is money a consumer receives after experiencing a loss.
b) It is a payment made before a consumer can make a claim.
c) It is money paid by a consumer to share the cost of a payout.
d) It is a fee paid to an insurance company to purchase coverage.
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Home » Business » Which statement best defines the term deductible? a) It is money a consumer receives after experiencing a loss. b) It is a payment made before a consumer can make a claim. c) It is money paid by a consumer to share the cost of a payout.