Block Limit financial definition of Block Limit
The maximum amount of money
an insurance company
will pay out in claims on all policies on a city block. That is, the limit on all policies that a company underwrites on a certain block cannot exceed the block limit. It is a type of blanket limit
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References in periodicals archive
* LIMIT1 block limits
a signal at the level [+ or -] 1;
Even with greater possession, more corners and more time spent in the opposition third, the 8-9 Albion defensive block limited
Emissions are higher but the Ingenium block limits
them to 134g/km for the five-door auto while average fuel consumption is a useful 55.3mpg.
Third-degree heart block limits
the heart's ability to pump blood throughout the body, and can also cause fatigue and fainting.
Lord Beecham led a successful attempt to block limited
"but equally misplaced" plans to reform police authorities under the last Labour Government.
The small size of the block limits
the size of the tissue to 1.0 cm or less.