Policy excess


 

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Policy excess

The amount you will have to pay when you make a claim. For example, this may be the first £100 of a £1000 claim for damage caused by a fire.



Policy excess

Similar Matches

Paid up policy

Paid up policy

A life insurance policy in which all premiums that are due have been paid.


Non qualifying life policy

Non qualifying life policy

A life assurance policy which does not satisfy the requirements of the Inland Revenue and does not qualify for certain tax relief. See 'qualifying policy'.


Rules-based trade policy

Rules-based trade policy

Institutional arrangements in which national trade policies are governed by internationally agreed-upon rules, as in the GATT and WTO.


Competition policy

Competition policy

Policies intended to prevent collusion among firms and to prevent individual firms from having excessive market power. Major forms include oversight of mergers and prevention of price fixing and market sharing. Called "anti-trust policy" in the U.S. One of the Singapore Issues.


Dividend policy

Dividend policy

Standards by which a firm determines the amount of money it will pay as dividends.


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