excess

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excess

1. Chem a quantity of a reagent that is greater than the quantity required to complete a reaction
2. Commerce payable as a result of previous underpayment
References in periodicals archive ?
Furthermore, where the arbitration agreement provides that the arbit rator may not make an award in an amount beyond the policy's limits, an award in excess of those limits is subject to vacatur, pursuant to CPLR 7511 (b) (1) (iii), as an award in excess of the arbitrator's power (see Matter of Brijmohan v State Farm Ins.
2d at 808 (discussing the terms of a partial settlement agreement in which plaintiff agreed not to pursue the defendant for claims in excess of the defendant's primary and excess coverage limits).
1969) (a contrary rule would "have the effect of discouraging, rather than encouraging, the settlement of cases, because each compromise settlement effected by the insurer would subject it to the risk of liability in excess of the policy limits").
by spending in excess of $10 million ins capital and tenant improvements.
Putting these three considerations together, courts search for an answer as to whether the insured's liability was probable and damages were great, meaning that damages were reasonably in excess of policy limits and the insured's liability was more probable than not.
A plaintiff who prevails on an assigned bad faith claim against the insurer may be able to recover full compensation in excess of the defendant's liability coverage limits.
Wilson, Chairman and CEO, noted that based on Friday's closing price for the common shares, the dividends paid over the last year were a cash return to the shareholders in excess of 7.
Named after a picturesque island in the Andaman group, the 320-tonne INS Tarmugli, measuring 48 meters in length, can achieve speeds in excess of 30 knots.
M sought a fee award in excess of the statutory rate because of his attorney's (E's) expertise in tax investigation and assessment, tax litigation and experience as an IRS Special Agent.