EXPLICITNESS
\ɛksplˈɪsɪtnəs], \ɛksplˈɪsɪtnəs], \ɛ_k_s_p_l_ˈɪ_s_ɪ_t_n_ə_s]\
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Plainness of language or expression: clearness: direct expression of ideas or intention, without reserve or ambiguity.
By Daniel Lyons
By Nuttall, P.Austin.
By Stormonth, James, Phelp, P. H.
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.