what is aggregate limit
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What is General Aggregate Limit and Understanding It? There is an important term on general liability policies called the general aggregate limit, which policyholders should understand. The general aggregate limit of an insurance policy is the maximum amount of money the insurer will pay out during a policy term. This is different than a “per occurrence” limit, which is the maximum amount the policy pays out per claim levied against you within the term of your policy.
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SQL MAX () function Max function . The aggregate function SQL MAX() is used to find the maximum value or highest value of a certain column or expression. This function is useful to determine the largest of all selected values of a column. Syntax: MAX ([ALL | DISTINCT] expression ) DB2 and Oracle Syntax: MAX ([ALL | DISTINCT] expression ) OVER (window_clause) Parameters:
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- GANN Limit (Proposition 4) from Glossary of Terms (2007) by City of Riverside, California. Under this article of the California Constitution, the City must compute an annual appropriation limit that states a ceiling on the total amount of tax revenues the City can appropriate annually.
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Order (exchange) Limit order. A limit order is an order to buy a security at no more than a specific price, or to sell a security at no less than a specific price (called or better for either direction).
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- For example, if your annual aggregate limit is $20 million, and you have $25 million worth of claims that occurred in the period, then the company would only pay up to $20 million. Aggregate means you can have multiple claims in one period, but any sum exceeding the limit would not be paid out.
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aggregate adjustment State law governs the maximum amount that may be retained in escrow (typically 2 prorated months of property taxes and insurance premiums based on a 12 month calculation period). The aggregate adjustment may result in a credit to the borrower so that funds in excess of the allowable amount aren't tied up in escrow.
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Glossary Aggregate Loan Limit. A limit on the total amount of subsidized and/or unsubsidized loans that you may borrow for undergraduate and graduate study. If the total loan amount you receive over the course of your education reaches the aggregate loan limit, you're not eligible to receive additional loans.
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aggregate To aggregate is to collect many units into one. If you're writing a novel, you might create a character who is an aggregate of five or six real people. Aggregate comes from the Latin verb aggregare, which means to add to. As a verb it means to collect into a mass or whole. You can also use it as an adjective, as in your aggregate sales for February, March and April. It can also be a noun.
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Aggregate (MDX) Aggregate (MDX) Returns a number that is calculated by aggregating over the cells returned by the set expression. If a numeric expression is not provided, this function aggregates each measure within the current query context by using the default aggregation operator that is specified for each measure.
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Definition annual aggregate deductible (1) A deductible-type program under which the insured agrees to reimburse its insurer for its own losses during the policy year up to the agreed upon annual aggregate amount. Once the insured has paid losses up to that amount, the insurer pays the remainder of losses for the annual period without seeking reimbursement from the insured.
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Aggregate data In economics, aggregate data or data aggregates are high-level data that are composed from a multitude or combination of other more individual data, such as: in macroeconomics, data such as the overall price level or overall inflation rate; and.
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"What are ""Per Occurrence"" & ""Aggregate"" liability limits?" Your Per Occurrence, or Per Claim, limit refers to the total amount the insurance company will pay per incident during the policy term. Your Aggregate limit is the total amount the insurance company will pay for multiple claims over the course of one policy term (which is often one year). Was this article helpful? 1 out of 1 found this helpful
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Economic Issues That Increase Aggregate Demand Decrease in Taxes. Reducing taxes increases the amount of available cash that consumers can use to purchase goods and services. The more cash consumers have, the more purchases they are likely make. As consumers in a country increase spending, it directly increases aggregate demand.
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Federal Direct Stafford Loans: Maximum Amounts There are limits on the maximum amount you are eligible to receive each academic year (annual loan limit) and in total (aggregate loan limits). The cumulative amount that a student can borrow through the years is called the aggregate limit.here are limits on the maximum amount you are eligible to receive each academic year (annual loan limit) and in total (aggregate loan limits). The cumulative amount that a student can borrow through the years is called the aggregate limit.
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Aggregate 1 Aggregate supply, the total supply of goods and services produced during a specific time period in an economy.  Aggregate Spend (US), a process to monitor the total amount spent by healthcare manufacturers on individual healthcare professionals and organizations through payments and gifts of various kinds.
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- Your single limit is the largest bond you can get for a single job. Your aggregate limit is the total amount of bonded work on hand you can have at once for several projects. Learn how choosing the wrong construction bonding company can limit your bond lines. Bid bonds get your foot in the door by allowing you to bid on bonded jobs! 2  They guarantee your bid is accurate (so make sure it is!) and that the bonding company will provide a performance & payment bond if you are awarded the contract.
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- Maximum number of cells that can be queried in an aggregate storage database that has a very sparse data set. 2 64. The limit is based on the number of cells that Essbase processes in the query, which is the product of the member count across all dimensions, not on the number of cells contained in the output report.
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What is GENERAL AGGREGATE LIMIT? Link to This Definition Did you find this definition of GENERAL AGGREGATE LIMIT helpful? You can share it by copying the code below and adding it to your blog or web page.
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Aggregate Aggregate species (Wiktionary) or Species aggregate, a named species representing a range of very closely related organisms; In computing and mathematics. Aggregate analysis, a technique used in amortized analysis in computer science, especially in analysis of algorithms; Aggregate class, a type of class supported by C++
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- Economic Definition of aggregate market. Defined. Term aggregate market Definition: An economic model relating the price level and real production that is used to analyze business cycles, gross domestic product, unemployment, inflation, stabilization policies, and related macroeconomic phenomena.
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What Factors Cause Shifts in Aggregate Demand? A: Aggregate demand, or AD, is defined as the total amount of goods and services consumers are willing to purchase in a given economy and during a given time period. Sometimes aggregate demand changes in a way that alters its relationship with aggregate supply, or AS; this is called a shift..
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aggregate Aggregate is defined as a complete amount. An example of an aggregate would be the total number of students in all of one grade level. Aggregate means to combine or mix together. An example of aggregate is to mix ingredients for concrete together.
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Definition For a personalized walk-through of IRMI Online, Request a Demo. aggregate. (1) A limit in an insurance policy stipulating the most it will pay for all covered losses sustained during a specified period of time, usually a year. Aggregate limits are commonly included in liability policies.
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- JCF Lending Group is pleased to offer a free mobile home book value to any of our existing mortgage customers, who can receive a maximum of 3 free book values in any calendar year.
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Definition Aggregate demand is the total quantity of goods and services demanded in an economy at a given price level. If you plot the quantity demanded at each price level on a graph and connect the data points, you'll get what's called an aggregate demand curve. An aggregate demand curve is downward sloping.
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The Difference Between a âPer Occurrence Limitâ and an âAggregate Limitâ The Difference Between a “Per Occurrence Limit” and an “Aggregate Limit”. When you work in insurance, you quickly learn that every single word counts, especially when that word is inside an insurance policy document.