Per Person Limit
Definition of "Per person limit"
Maximum amount that an insurance company will pay under a liability insurance policy for bodily injury incurred by any single person as a result of any one accident.
Popular Insurance Terms
Income averaged over a specified period of years. For example, to calculate benefits in a pension plan, it is common to average the highest three years or five years of earnings. ...
Portion of the federal tax code outlining the procedure by which a corporation cancels or redeems its shares with funds paid out of earnings or profits, thus making the distribution a ...
Document used to sign up employees for plans such as salary savings, life insurance, or other employee benefits. ...
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