INSTALNENT

\ɪnstˈalnənt], \ɪnstˈalnənt], \ɪ_n_s_t_ˈa_l_n_ə_n_t]\
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1919 - The concise Oxford dictionary of current English
By Sir Augustus Henry

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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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