sublimit

sublimit
sub·lim·it /ˌsəb-'li-mət/ n: 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

Merriam-Webster’s Dictionary of Law. . 1996.

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  • Sublimity — Sub*lim i*ty, n.; pl. {Sublimities}. [L. sublimitas: cf. F. sublimit[ e].] 1. The quality or state of being sublime (in any sense of the adjective). [1913 Webster] 2. That which is sublime; as, the sublimities of nature. [1913 Webster] Syn:… …   The Collaborative International Dictionary of English

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  • advance formula — A provision sometimes used in lines of credit as a sublimit on the maximum amount that can be borrowed. Typically, an advance formula limits the amount that can be borrowed under a line of credit to the lesser of the amount of the line or some… …   Financial and business terms

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