sublimit meaning
Definition of sublimit: A limit for a subset of items that are collectively subject to a larger limit. For example, a limit on insurance claims for a... Definition of sublimit: A limit for a subset of items that are collectively subject to a larger limit. For example, a limit on insurance claims for a specific item despite the fact that the overall policy has a higher limit. Use sublimit in a sentence. â There was a sublimit and that limit could not be changed because it was set and we had to follow it.