EXCHEQUER-CHAMBER

\ɛkst͡ʃˈɛkət͡ʃˈe͡ɪmbə], \ɛkst‍ʃˈɛkət‍ʃˈe‍ɪmbə], \ɛ_k_s_tʃ_ˈɛ_k_ə_tʃ_ˈeɪ_m_b_ə]\
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1871 - The Cabinet Dictionary of the English Language

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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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