| 释义 |
excess excess1. An initial sum which the holder of an insurance policy must bear before any claim is met by the insurer. It is most often used in car insurance, e.g. the first £50 of any claim has to be borne by the insured party. excess capacity The part of the output of a plant or process that is not currently being utilized but which, if it could be, would reduce the average cost of production. The excess capacity is thus the amount by which the present output must be increased to reduce the average cost per unit to a minimum. |