See: maximum allowable and maximum allowable charge (MAC) .
Tag: REFERENCE
Maximum liability method
See: INDEPENDENT LIABILITY METHOD with which it is compared.
Maximum Probable Loss (MPL)
See: ‘Loss, Maximum estimated.’
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UK: the largest loss thought probable under an insurance policy; normally applied to material damage risks where the total sum insured is not considered to be at risk from one loss event
Maximum taxable amount of annual earnings
See: maximum tax base .