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Excess |
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ExcessApplies 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.ExcessThe 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 MatchesExcess profits taxExcess profits taxAdditional federal taxes placed on the earnings of a business, used only in time of national emergency such as war. Excess CondemnationExcess CondemnationTaking 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 supplyExcess supplySupply minus demand. Thus a country's supply of exports of a homogeneous good is its excess supply of that good. Excess accumulationExcess accumulationThe 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 contributionExcess contributionThe amount by which an IRA contribution exceeds the allowable limits. If an excess contribution is not properly corrected, a 6% IRS penalty applies. Further SuggestionsExcess demandExcess profit Excess return on the market portfolio Insurance excess Excess kurtosis Policy excess |
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