ACQUIRABLE
\ɐkwˈa͡ɪ͡əɹəbə͡l], \ɐkwˈaɪəɹəbəl], \ɐ_k_w_ˈaɪə_ɹ_ə_b_əl]\
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Word of the day
PROPORTIONAL AGREEMENT
- When an insurer must take their share the losses based on a fixed variable percentage or monetary value. Refer to excess of loss agreement.