excess


excess
in an insurance policy, excess clauses specify that the policyholder will be responsible for a portion of claims under certain conditions. Glossary of Business Terms
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The dollar amount by which the equity exceeds the margin requirements in a performance bond account. Chicago Mercantile Exchange Glossary

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I. excess ex‧cess 1 [ɪkˈses, ˈekses] noun [countable, uncountable]
1. a larger amount of something than is allowed or needed:

• He told the Federal Assembly that the devaluation would compensate for an excess in public spending during the past nine months.

2. in excess of more than a particular amount:

• ships carrying in excess of 20,000 tonnes of cargo

3. INSURANCE a condition in an insurance policy that states that the insured person will pay a particular amount towards any damage and the insurance company will pay the rest. This condition makes people less likely to claim for small amounts:

• The insurance company will pay the insured value less the policy excess.

  [m0] II. excess ex‧cess 2 [ˈekses] adjective [only before a noun]
1. additional and not wanted or needed because there is already enough of something:

• An excess supply of goods and services on the market will exert downward pressure on prices.

2. TRAVEL excess baggage/​luggage bags or cases that weigh more than the limit the airline allows you to take on a plane:

• As I checked in at Baghdad airport, I found that I had 100kg of excess baggage.

• an excess baggage charge

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Ⅰ.
excess UK US /ɪkˈses/ noun
[S or U] an amount that is more than is needed, expected, or acceptable: »

If you retire having saved more than £1.4m you will face a one-off 33% tax charge on the excess.

»

Any excess over these expenses represents profit attributable to shareholders.

excess of sth »

There is still, in many industries, an excess of productive capacity.

[S] UK (US deductible) INSURANCE a part of the cost of an accident, injury, etc. that you agree to pay yourself when you buy insurance: »

Cover would cost £239 a year with a £75 excess, or £215 a year with a £250 excess.

excess on sth »

The policy carries a £40 excess on most claims.

in excess of — Cf. in excess of
Ⅱ.
excess UK US /ɪkˈses/ adjective [before noun]
more than is needed, expected, or acceptable: »

Rents may be lower than ownership costs, meaning renters can invest the excess cash.

»

The machine can generate electricity using excess heat that would otherwise be wasted.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Excess — Ex*cess , n. [OE. exces, excess, ecstasy, L. excessus a going out, loss of self possession, fr. excedere, excessum, to go out, go beyond: cf. F. exc[ e]s. See {Exceed}.] 1. The state of surpassing or going beyond limits; the being of a measure… …   The Collaborative International Dictionary of English

  • excess — ex·cess adj: more than a usual or specified amount; specif: additional to an amount specified under another insurance policy excess coverage excess insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • excess — n Excess, superfluity, surplus, surplusage, overplus denote something which goes beyond a limit or bound. Excess applies to whatever exceeds a limit, measure, bound, or accustomed degree {in measure rein thy joy; scant this excess Shak.} {the… …   New Dictionary of Synonyms

  • Excess-3 — binary coded decimal (XS 3), also called biased representation or Excess N, is a numeral system used on some older computers that uses a pre specified number N as a biasing value. It is a way to represent values with a balanced number of positive …   Wikipedia

  • excess — [ek ses′, ikses′; ] also, esp.for adj. [, ek′ses΄] n. [ME & OFr exces < L excessus < pp. of excedere: see EXCEED] 1. action or conduct that goes beyond the usual, reasonable, or lawful limit 2. lack of moderation; intemperance;… …   English World dictionary

  • Excess — is a state of something being present beyond a requisite amount. In certain contexts, it has a more specialized meaning:* In insurance, similar to deductible. * In chemistry, describing any reagent that is not the limiting reagent. * Excess is… …   Wikipedia

  • excess — (n.) late 14c., from O.Fr. exces (14c.) excess, extravagance, outrage, from L. excessus departure, a going beyond the bounds of reason or beyond the subject, from stem of excedere to depart, go beyond (see EXCEED (Cf. exceed)). As an adjective… …   Etymology dictionary

  • excess — [n1] overabundance of something balance, by product, enough, exorbitance, exuberance, fat, fulsomeness, glut, inundation, lavishness, leavings, leftover, luxuriance, nimiety, overdose, overflow, overkill, overload, overmuch, overrun, oversupply,… …   New thesaurus

  • excess — ► NOUN 1) an amount that is more than necessary, permitted, or desirable. 2) lack of moderation, especially in eating or drinking. 3) (excesses) outrageous or immoderate behaviour. 4) Brit. a part of an insurance claim to be paid by the insured.… …   English terms dictionary

  • excess — ♦♦♦ excesses (The noun is pronounced [[t]ɪkse̱s[/t]]. The adjective is pronounced [[t]e̱kses[/t]].) 1) N VAR: with supp, usu a N of n An excess of something is a larger amount than is needed, allowed, or usual. An excess of houseplants in a small …   English dictionary