Limit

Maximum amount a policyThe written contract of insurance. will pay either overall or under a particular coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy..

Limit

The maximum priceThe dollar amount that was offered, asked, or actually paid for a property. advanceTransfer of funds from a lender to a borrower in advance on a loan. or declineThe company refuses to accept the request for insurance coverage. from the previous day's settlement priceThe daily price at which the clearing organization clears all trades and settles all accounts between permitted during one trading session, as fixedGuarantees a specific payment amount in the future. by the rulesThe principles for governing an exchange. In some exchanges, rules are adopted by a vote of the membership, of an exchangeWhen ownership of like-kind properties are transferred between two or more owners; can result in postponement. In some futuresSee Futures Contract. contracts, the limit may be expanded or removed during a trading session a specified period of time after the contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder is locked limitA price that has advanced or declined the permissible limit during one trading session, as fixed by. See Daily Price LimitThe maximum price advance or decline from the previous day's settlement price permitted during one trading.