policy limit Definition

policy limit

Definition

Maximum lifetime benefit of a given insurance policy; often $1 million, although some policies have no limit.

This content can be found on the following page:

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

email
print
cite
link
translate
share

policy limit is ...
... part of the Insurance subject.

policy limit appears in the definitions of these other terms on BusinessDictionary.com

primary insurance, replacement cost policy