BEGAT

\bɪɡˈat], \bɪɡˈat], \b_ɪ_ɡ_ˈa_t]\
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1919 - The Concise Standard Dictionary of the English Language
By James Champlin Fernald

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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.
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