BORROWING
\bˈɒɹə͡ʊɪŋ], \bˈɒɹəʊɪŋ], \b_ˈɒ_ɹ_əʊ_ɪ_ŋ]\
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.