annual limit
Once-per-year ceiling
An annual limit is a cap on something that resets each year.
Insurance policies have annual limits on payouts or covered services: I hit my annual limit on physical therapy visits.
Credit cards may set annual limits on rewards or cash back.
The term appears wherever institutions want to control exposure over a defined period while allowing renewal.
- spending capMaximum permitted expenditure
- quotaFixed assigned amount
- ceilingRoom's upper surface
- maximumGreatest permitted quantity
- thresholdPoint of beginning
budget · allowance · deductible · insurance · health plan · coverage · rollover · spending · contribution · flexible spending · IRA · 401k · renewal · fiscal · tax year · calendar · restriction · enrollment
- pet insurancepet insurance, accident coverage, wellness plan, wellness plans, coverage
- spending limitsspending cap
- capsceiling, budget cap, hard cap, soft cap, price cap
- medical billingmedical billing, claim, copay, copayment, co-payment
- coverage limitscoverage cap, sublimit, aggregate, ceiling, maximum
- health insurancepremium, deductible, copay, coverage, health insurance card