sublimit

noun

sub·​lim·​it
ˌsəb-ˈli-mət
: a liability limit in an insurance policy for a particular risk (as loss of jewelry by theft) that is below the aggregate liability limit of the policy

Dictionary Entries Near sublimit

Cite this Entry

“Sublimit.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/sublimit. Accessed 23 Nov. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!