On an insurance policy, it's the amount you have to "meet" before the company will make a payment
... 
Before you buy a term life policy, ask the agent or company to ... Also, after your 
initial payment, you can pay premiums any time and in any amount,... [DOC] [TLE] Penalties For Making A Late Auto Insurance Payment - DMV.org [PAR] While there are many car insurance companies who won't cancel your policy ... 
You may get a notice that tells you your payment is late and will be canceled on a 
... meet any other state-mandated requirements before you can get your driving... [DOC] [TLE] Out-of-Pocket Maximum Vs.