EDIBLE BEAN
\ˈɛdəbə͡l bˈiːn], \ˈɛdəbəl bˈiːn], \ˈɛ_d_ə_b_əl b_ˈiː_n]\
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.