noun
deductible
Insurance term: the amount the policyholder must pay out-of-pocket before the insurer covers the rest.
この保険の免責額は5万円です。
The deductible for this insurance is 50,000 yen.
Compound of 免責 (exemption from liability) + 額 (amount). The term is a direct translation of the English insurance concept 'deductible'.