If you have a $$300$ deductible on the collision coverage part of your auto policy, you pay the total amount of any loss that does not exceed $$300.$ However, if you have a loss of $$1,000,$ the insurer pays the entire amount, $$1,000.$ Identify this type of deductible.

Group of answer choices

Straight deductible

Waived deductible

Franchise deductible

Vanishing deductible

Disappearing deductible