Összeghatárra

Összeghatárra is a Hungarian term that translates to "sum limit" or "aggregate limit" in English. It refers to a maximum value or ceiling that a sum of amounts cannot exceed. This concept is commonly found in various financial, legal, and administrative contexts in Hungary.

One frequent application of összeghatárra is in insurance policies. For instance, an insurance contract might stipulate an összeghatárra for a particular type of claim or for the total coverage provided by the policy. This means that the insurer will not pay out more than this predetermined sum, regardless of the actual costs incurred.

In legal and contractual agreements, an összeghatárra can define the maximum liability of a party. This limits the financial exposure of an individual or entity in case of damages or breaches of contract. Similarly, in public procurement or project financing, an összeghatárra might be set for the total cost of a project or the amount of funding available.

Administrative regulations can also employ the concept of összeghatárra. For example, certain tax benefits or subsidies might only be available if the total income or the claimed amount falls below a specified összeghatárra. Understanding the precise definition and application of an összeghatárra is crucial to avoid exceeding it and to ensure compliance with relevant rules and agreements.