CONDUCTORY

\kəndˈʌktəɹˌi], \kəndˈʌktəɹˌi], \k_ə_n_d_ˈʌ_k_t_ə_ɹ_ˌi]\
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1874 - Etymological and pronouncing dictionary of the English language
By Stormonth, James, Phelp, P. H.

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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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