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
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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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
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.

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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

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