sublimit

noun
sub·​lim·​it | \ ˌsəb-ˈli-mət \

Legal Definition of sublimit

: a liability limit in an insurance policy for a particular risk (as loss of jewelry by theft) that is below the aggregate liability limit of the policy

Learn More about sublimit

Cite this Entry

“Sublimit.” The Merriam-Webster.com Legal Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/legal/sublimit. Accessed 11 December 2019.

Comments on sublimit

What made you want to look up sublimit? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

heavy with or as if with moisture

Get Word of the Day daily email!

Test Your Vocabulary

Semantic Drift Quiz

  • a twisty river
  • Which of the following was once a synonym for fun?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Citation

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!