Scheduled Limit

Definition of "Scheduled limit"

Specified limit on the dollar amount of coverage for a given loss.

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Related Real Estate Glossary terms

Assumptions

Circumstances taken for granted. For example, in calculating annuity values, a particular interest r ...

Unrealized Capital Gains (losses)

Appreciation in the unsold assets' value. When assets are sold, their capital gain (loss) is shown o ...

Insurance Contract, General

Legally binding unilateral agreement between an insured and an insurance company to indemnify the bu ...

Dividend Option

Methods of handling policyholder dividends. In a participating life insurance policy, dividends are ...

Unsolicited Application

Request for life insurance coverage by an individual, not through an agent or broker. It is given ex ...

Attorney In Fact

Power of attorney giving permission for a lawyer to represent a client. ...

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