Meaning & use
sublimit
Last updated
a limit set within a larger overall limit, especially a cap on coverage for a particular type of loss in an insurance policy
See it in a sentence
There is a $500 sublimit on cash coverage under the homeowner's policy.
The contract included a sublimit for legal expenses separate from the main payout cap.
A note on using this word
The singular form of 'sublimits,' frequently seen in insurance and financial contracts.
Make it your own
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