Excess

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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