The-definition.com

Definition

Monetary threshold

Monetary threshold is a term used in states with no-fault auto insurance laws. An injured motorist is not permitted to sue a negligent driver but instead collects from his or her insurer, unless the claim exceeds the dollar threshold amount.

Share it:  Cite

More from this Section

  • Multiple distribution systems
    Multiple distribution systems allow insurance marketing method that refers to the use ...
  • Time deposit
    Savings account that allows the financial institution to require notice before withdrawal ...
  • World Trade Organization (WTO)
    The World trade organization(WTO) was created as a result of the Uruguay Round of trade ...
  • Central exchange rate
    Central exchange rate— exchange rate established between two European currencies through ...
  • Asset substitution
    Asset substitution occurs when a firm invests in assets that are riskier than those that ...