Explore how aggregate limits of liability work in insurance, their impact on policy coverage, and why understanding them is crucial for policyholders.

Learn how aggregate stop-loss reinsurance works, its importance for insurers, and potential drawbacks. Discover how it caps losses to protect insurers from excessive claims.

Aggregate supply is the total value of goods or services in a market, sector or economy. Aggregate supply is used to show the amount of goods that can be produced at different price levels in a given ...

A calculation that is made on several records or cells of data. SUM, AVG, MAX, MIN and COUNT are examples of aggregate functions that are used in spreadsheets and database programs. THIS DEFINITION IS ...

The total amount of real goods and services that the enterprises in an economy are willing to provide at any given ratio of prices to wages. This can be increased by increasing productivity in a given ...