What does capped mean in law?

capped means that the maximum amount of money an insurer will pay for a claim is set up-front in the policy. There may be some exclusions that apply, such as a medical exam, for example. The maximum amount of money the insurer will pay is often different from the amount you owe. For example, if you have a $30,000 policy and you file a claim for $100,000, the insurer will pay $30,000. This is capped at $30,

What is capped mean in UK law?

capped means that the sum of payments you owe on a loan cannot exceed a set amount. In many cases, the amount of money that you owe will be the total amount that you borrowed. However, the loan agreement may also dictate that the total amount of the payments you owe cannot exceed a certain percentage of the amount you originally borrowed.

What does capped mean in UK criminal law?

Capped is an offence in England and Wales that indicates the severity of a crime. It is used to describe a crime that is punishable by a specific number of years in prison. For example, manslaughter can be punished by a maximum of life imprisonment. Capped crimes involving violence or sexual offences are often punished with a lengthy prison term. It is not uncommon for serious crimes to be punished with a capped term of years. Capped crimes also include fraud and other crimes where the maximum penalty is set by

What does capped mean in English law?

The word capped means limited in a particular way. When speaking of a financial cap, it refers to the amount of money an insurance company will pay out in the case of a catastrophe. If you say someone has a $200,000 ceiling on their insurance policy, it means that if you suffer a $400,000 loss, you won't receive more than $200,000 in compensation.

What does capped mean in Scots law?

When capped is used in Scots law, it means that an amount of money is fixed. For example, when capped is used in the context of a personal injury claim, it means that the amount of compensation for pain and suffering an injured person receives is capped. In other words, no matter how much pain and suffering the injured person endures, the maximum amount of compensation that can be given will be capped at a certain amount.