A limit for a subset of items that are collectively subject to a larger limit. For example, a limit on insurance claims for a specific item despite the fact that the overall policy has a higher limit.

Use sublimit in a sentence

There was a sublimit and that limit could not be changed because it was set and we had to follow it.

​ Was this Helpful? YES  NO 6 people found this helpful.

You should try to set a sublimit that you will not break unless it is absolutely necessary to do so.

​ Was this Helpful? YES  NO 5 people found this helpful.

My boss was angered to learn that our insurance policy had a sublimit on it for fire damage that would not allow us to recover the full value of our factory even though the overall limit was much higher.

​ Was this Helpful? YES  NO 11 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
subletting submittal notice