CONVENTIONALISATION

\kənvˌɛnʃənəla͡ɪzˈe͡ɪʃən], \kənvˌɛnʃənəla‍ɪzˈe‍ɪʃən], \k_ə_n_v_ˌɛ_n_ʃ_ə_n_ə_l_aɪ_z_ˈeɪ_ʃ_ə_n]\

Definitions of CONVENTIONALISATION

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2006 - WordNet 3.0
By Princeton University
 
2011 - English Dictionary Database
By DataStellar Co., Ltd

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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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