monetary threshold
In no-fault auto insurance, a monetary threshold based on a person's degree of injury (as measured by dollars of medical cost incurred) that must be reached before a suit can be brought against the negligent party.
monetary threshold
In no-fault auto insurance, a monetary threshold based on a person's degree of injury (as measured by dollars of medical cost incurred) that must be reached before a suit can be brought against the negligent party.
Additional Information
Contrast with verbal threshold and tort threshold.
