BNET Business Dictionary
Business Definition for: Excess
- the part of an insurance claim that has to be met by the policyholder rather than the insurance company. An excess of $100 means that the company pays all but $100 of the claim for loss or damage.
- in a financial institution, the amount by which assets exceed liabilities
- See also Deductible
Wiktionary Definition for: Excess
- #The state of surpassing or going beyond limits; the being of a measure beyond sufficiency, necessity, or duty; that which exceeds what is usual or proper; immoderateness; superfluity; superabundance; extravagance; as, an excess of provisions or of light.
- Ex:*To gild refined gold, to paint the lily, To throw a perfume on the violet, ... Is wasteful and ridiculous '''excess'''. - Shakespeare
- Ex:*That kills me with '''excess''' of grief, this with excess of joy. - Walsh
- #An undue indulgence of the appetite; transgression of proper moderation in natural gratifications; intemperance; dissipation.
- Ex:*Be not drunk with wine, wherein is ''excess''. ''Ephesians v. 18''
- Ex:*Thy desire ... leads to no ''excess'' That reaches blame. - Milton
- #The degree or amount by which one thing or number exceeds another; remainder; as, the difference between two numbers is the excess of one over the other.
- geometry Spherical excess, the amount by which the sum of the three angles of a spherical triangle exceeds two right angles. The spherical excess is proportional to the area of the triangle.
Additional Resources
- Products & Services: AIG Specialty Excess raises capacity for public entity.(AIG Specialty Excess increased capacity of excess liability insurance)(Hiscox USA introduced media liability coverage)(ACE USA Inc. introduced ACE USA Legacy Liability)
- NEW YORK-AIG Specialty Excess, an umbrella and excess casualty underwriting unit of American International Group Inc., has increased its capacity of excess liability insurance for public entities to $25 million from $15 million. AIG Specialty Excess will offer the increased capacity on all ...
- Research articles 2007-05-07
- Fixed Income Excess Returns and Time to Maturity
- The paper explores the relationship between fixed income excess returns and maturity differentials. In a quest to quantify this relationship, it goes beyond testing the monotonicity of excess returns, by exploring the functional form of excess returns' dependence on the maturity differential. It tests whether the monotonicity of excess returns...
- White papers 2000-10-20
- The Relationship Between Primary and Excess Insurers
- In Texas, the relationship between primary and excess insurers is governed primarily by the doctrine of equitable subrogation. Although the doctrine of equitable subrogation is critical in understanding the relationship between primary and excess insurers, it is equally important to understand the primary and excess insurers' duties to their insured....
- White papers 2001-05-31
- Kick the Habit: The Excess Earnings Method Must Go!
- This article will expose the many problems with the excess earnings method as well as the large amount of criticism of the method that has come from all corners of the business valuation industry, including the very creator of the method. Business appraisers who continue to use the excess earnings...
- White papers 2003-01-01
- UMBRELLA & EXCESS LIABILITY.(companies offering such insurance)(Illustration)
- An umbrella liability policy accomplishes three purposes, the net effect of which is an "Uumbrella" of blanket catastrophe excess liability protection. These three purposes are: 1. Excess coverage over other liability insurance carried by thAn umbrella liability policy accomplishes three purposes, the net effect of...
- Research articles 1998-07-27
- A.M. Best Places Ratings of Excess Reinsurance Group Under Review with Negative Implications
- OLDWICK, N.J. -- A.M. Best Co. has placed the financial strength rating of A- Excellent and issuer credit ratings of "a-" under review with negative implications for Excess Reinsurance Group Excess Re (Philadelphia, PA). The group is comprised of Excess Reinsurance Company Delaware and its wholly owned subsidiary, Guilderland Reinsurance...
- Research articles 2008-03-28
- Avoiding excess benefits in executive compensation.
- The 1996 excess benefits legislation requires tax-exempt associations to review the legal structure of compensation packages for their top executives. The compensation package should not exceed the value of the consideration and should fall within the scope of the law. Any organization that provides excess benefit to an employee shall...
- Research articles 1998-11-01
- Excess markets see growth; Bermuda's excess, D&O liability writers expect former rates.(AON Re Inc.; Chubb Corp.)
- Following a lull in recent years, the excess liability and directors and officers liability markets in Bermuda are poised for a resurgence, insurers and brokers on the island say. As in many markets, liability insurers in Bermuda are predicting an en Following a lull in recent...
- Research articles 2000-11-13
- S&P Asgns Starr Excess Liability Insur AAA Fin Str Rtg
- NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 8/19/98 - Standard & Poor's today assigned its triple-'A' financial strength rating to Starr Excess Liability Insurance Co. Ltd. Starr Excess. The rating is based on explicit and implicit support from American International Group Inc. AIG and its member companies. Explicit support...
- Research articles 1998-08-19
- S&P Asgns Starr Excess Liability Insur AAA Fin Str Rtg
- NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 8/19/98 - Standard & Poor's today assigned its triple-'A' financial strength rating to Starr Excess Liability Insurance Co. Ltd. Starr Excess. The rating is based on explicit and implicit support from American International Group Inc. AIG and its member companies. Explicit support...
- Research articles 1998-08-19
- Excess chip inventory rises.(Brief article)(Statistical data)
- By Staff Surplus semiconductor inventories in the global electronics supply chain rose again in the fourth quarter of 2006, but the excess stockpiles should not crimp growth in 2007, according to researcher iSuppli. Total excess...
- Research articles 2007-02-15
- IRS RULING: NEW YORK EXCESS PLAN GETS GREEN LIGHT.
- The $110 billion New York State Common Retirement Fund, Albany, has gotten a green light from the IRS to set up an "excess plan." As a result, the fund has created a separate trust account from which it will begin paying excess benefits t ...
- Research articles 1999-05-31
- KOREAN BUSINESS GROUPS BARRED FROM USING EXCESS INVESTMENTS.
- SEOUL, Aug 29 Asia Pulse - Samsung, LG, SK and six other business groups have been barred by the Fair Trade Commission from exercising voting rights in those affiliates in which they made equity investments in excess of legal limit. The legal limit is 25 percent of the...
- Research articles 2002-08-29
- The Demand for Excess Reserves
- James P. Dow, Jr. [*] This paper provides an estimate of the demand for excess reserves in the United States. It finds that excess reserves are negatively related to the Federal funds rate and positively related to transactions deposits. It also finds that clearing needs significantly affect the demand...
- Research articles 2001-01-01
- Government debt and excess sensitivity of private consumption: estimates from OECD countries
- This article investigates the role of government debt in the degree of excess sensitivity of private consumption to current disposable income. Because this type of excess sensitivity is generally attributed to liquidity constraints, this amounts to a test of the impact of government debt on the amount of credit extended...
- Research articles 2004-10-01
- Excess Property Program - Dept of Defense Humanitarian Assistance - Brief Article
- The Department of Defense Humanitarian Assistance Excess Property EP Program permits Department of Defense DoD to make available, prepare and transport non-lethal, excess DoD property to foreign countries when requested by the Department of State DoS. The program is authorized by 10 U.S.C., Section 2547. Preparation and transportation of EP...
- Research articles 2000-12-22
- Diversification fuels growth in premiums for excess insurers.
- HAMILTON, Bermuda - New products are driving premium growth as competition drives down prices in the liability lines in which Bermuda's excess insurers specialize. Diversification is most obvious at well-established companies ACE Ltd. and X.L. Insurance Co., where everything from satellite coverage to reinsurance helped...
- Research articles 1996-04-22
- Lincoln Re to Exit HMO Excess-of-Loss Reinsurance and Strengthen Reserves
- FORT WAYNE, Ind.--BUSINESS WIRE--Sept. 24, 1999-- Lincoln Re, a part of Lincoln National Corporation (NYSE: LNC), announced today that, due to a continuing trend of significantly increasing HMO claims and loss ratios, it intends to discontinue writing new HMO excess-of-loss reinsurance programs. The company also expects to take...
- Research articles 1999-09-24
- Navitar Secures Access to Capital in Excess of $100 Million
- Wireless News 01-11-2005 Navitar Secures Access to Capital in Excess of $100 Million WIRELESS NEWS-11 January 2005-Navitar Secures Access to Capital in Excess of $100 Million C2005 10Meters - http:// www.10meters.com Navitar, an optical manufacturer, announced...
- Research articles 2005-01-11
- The Fed's Effect on Excess Returns and Inflation is Bigger Than You Think
- This article is about the Fed Policy Function and Fed Shocks that focuses on inflation rate. By specifying the Fed policy function as a Taylor rule, we assume that the FOMC uses the Federal Funds rate as its main monetary policy instrument. It also gives the information about Isolating Monetary...
- White papers 2002-03-13
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