Elimination Period
A kind of deductible or waiting period usually found in disability policies. It is counted in days from the beginning of the illness or injury.
"Elimination Period" In Context
"If Dad has long-term-care insurance, find out the daily rate it covers (which may be far less than the cost of your preferred homes), and don't count on using it from the get-go -- most policies kick in only after an "elimination period" of 60 ..." This Insurance Word is available for Sponsorship Sponsor this Definition Today.