Math Definitions - Letter E
Chapters
Excess
Definition of Excess
Excess is a term used by the insurance industry to indicate an amount that will not be returned to the customer when an insurance claim is made.
For example, if your house insurance includes an \(\$800\) excess and you have a fire, you will have to pay \($800\) towards the cost of rebuilding your house. Your insurance company will pay for the rest.
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter E
Author: Subject Coach
Added on: 6th Feb 2018
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