LIMIT OF LIABILITY
(noun)
There is 1 meaning of the phrase
Limit Of Liability.
Definitions
Limit Of Liability - as a noun
The highest possible amount for which an insurance company may be held accountable under a policy.
Example Sentences
"The limit of liability for the stolen goods is $5,000."
"The insurance policy has a limit of liability of $1 million."
"The contract specifies a limit of liability of $10,000 for any damages."
"The manufacturer's limit of liability is only applicable during the warranty period."
"The limit of liability for medical malpractice claims is determined by state law."
Word Variations & Relations
A-Z Proximities
- liminess
- liminesses
- liming
- limings
- limit
- Limit Of Liability
- limitable
- limitableness
- limitablenesses
- limitarian
- limitarians