Excess

1. Risk management - transferring & pooling risk - insurance.

A part of the loss in an insurance claim borne by the insured, rather than the insurer.

2.

Any amount of something that is more than necessary, permitted or desirable.

3. Penalties.

An amount charged by way of penalty, for example for a train ticket.

See also

• Excess Return
• Insurance
• Interest on excess reserves
• Premium
• Risk management