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

Guaranteed renewable policy insurance

Guaranteed renewable policy insurance

A type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same change is applied to all policyholders.


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Policyholder loan bonds

Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broke../../finance-glossary/dealer as bonds.


Umbrella personal liability policy

Umbrella personal liability policy

A liability insurance policy that provides protection against damages not covered by standard liability policies, such as large jury awards in lawsuits.


Strategic trade policy argument for a tariff

Strategic trade policy argument for a tariff

In an example of strategic trade policy, the use of a tariff to extract monopoly profits from a foreign monopolist, or to shift profit from foreign to domestic competitors in an international oligopoly. The monopoly case seems to have originated with Katrak (1977), but the classic treatment of the larger issue is Brander and Spencer (1984).


Trade Policy Review Mechanism

Trade Policy Review Mechanism

The periodic review of the trade policies and practices of the member countries of the WTO, conducted and published by the WTO.


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