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00:18 Mar 31, 2011 |
Spanish to English translations [PRO] Tech/Engineering - Energy / Power Generation | |||||||
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| Selected response from: Jonathan Norris United States Local time: 10:18 | ||||||
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4 | aggregate limit |
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aggregate limit Explanation: In a insurance policy, the limit of liability</> is often expressed as a value per occurrence and a separate value as an aggregate limit. The policy will pay no more than the per occurrence limit for each covered occurrence. Further, they pay no more than the aggregate limit for all claims during the policy period. On an insurance policy it would often be expressed as $1,000,000/$2,000,000 occurrence / aggregate The numbers listed above could be replaced by any other number, however the aggregate limit will never be less than the per occurrence limit. Read more: http://wiki.answers.com/Q/What_does_Aggregate_mean_in_genera... Reference: http://wiki.answers.com/Q/What_does_Aggregate_mean_in_genera... |
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