What Does Maximum Limit Mean? A maximum limit, in the context of insurance, is the total amount of money that an insurance company will pay over a period of time to satisfy a policyholder's claims. Thereafter, it is the responsibility of the policyholder to cover the cost of services or treatments. A maximum limit usually applies to one policy year; however, this is not always the case.

delta δ definition of a limit is an algebraically precise formulation of evaluating the limit of a function. Informally, the definition states that a limit L L. This definition is consistent with methods used to evaluate limits in elementary calculus, but the mathematically rigorous language associated with it appears in higher-level analysis.