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Excess reduction fee (ERF)
In Australia and New Zealand only, ERF is a coverage plan that helps reduce the cost of excess damage to the car during your car rental. Terms depend on the vehicle category and the age of the driver. Similar to Loss Damage Waiver (LDW) in the U.S.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Transportation
- Category: Car rental
- Company: Budget
- Product:
- Acronym-Abbreviation:
Other Languages:
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