CONDUIT SYSTEM

\kˈɒndjuːˌɪt sˈɪstəm], \kˈɒndjuːˌɪt sˈɪstəm], \k_ˈɒ_n_d_j_uː_ˌɪ_t s_ˈɪ_s_t_ə_m]\
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2010 - New Age Dictionary Database
By Oddity Software
 
1913 - Webster's Revised Unabridged Dictionary
By Noah Webster.

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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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