CRAPS

\kɹˈaps], \kɹˈaps], \k_ɹ_ˈa_p_s]\

Definitions of CRAPS

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2010 - New Age Dictionary Database
By Oddity Software

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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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