\ˈɪndʌstɹˌɪz], \ˈɪndʌstɹˌɪz], \ˈɪ_n_d_ʌ_s_t_ɹ_ˌɪ_z]\
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The aggregate of manufacturing or technically productive enterprises in a particular field, often named after its principle product, as "the automobile industry", "the steel industry". It includes the ownership and management of companies, factories, industrial plants, etc. (From Random House Unabridged Dictionary, 2d ed)
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- When an insurer must take their share the losses based on a fixed variable percentage or monetary value. Refer to excess of loss agreement.