Excess

 

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Excess

Applies to an insurance claim and is simply the first part of any claim that must be covered by yourself. This can range from £50 to £1000 or higher. Increasing your excess can significantly reduce your premium. On the other hand, a waiver can sometimes be paid to eliminate any excess at all. Always check the excess in your policy.

Excess

The specified amount a policyholder must bear before the insurers pay a claim. The inclusion of an excess, whether compulsory or voluntary or both, lowers the premium.



Similar Matches

Excess demand

Excess demand

Demand minus supply. Thus a country's demand for imports of a homogeneous good is its excess demand for that good.


Excess accumulation

Excess accumulation

The amount of a required minimum distribution that an IRA holder fails to remove from an IRA in a timely manner. Excess accumulations are subject to a 50% IRS penalty tax.


Excess Condemnation

Excess Condemnation

Taking by right of eminent domain, more property than actually necessary for the intended purpose. This happens frequently, the excess property being sold at auction after completion of the project.


Excess profit

Excess profit

Profit of a firm over and above what provides its owners with a normal (market equilibrium) return to capital.


Excess return on the market portfolio

Excess return on the market portfolio

Difference between the return on the market portfolio and the riskless rate.


Further Suggestions

Excess contribution
Excess profits tax
Policy excess
Insurance excess
Excess supply
Excess kurtosis


 
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