HARDOCK
\hˈɑːdɒk], \hˈɑːdɒk], \h_ˈɑː_d_ɒ_k]\
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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.