LESSHAFT'S TRIANGLE
\lˈɛsʃafts tɹˈa͡ɪaŋɡə͡l], \lˈɛsʃafts tɹˈaɪaŋɡəl], \l_ˈɛ_s_ʃ_a_f_t_s t_ɹ_ˈaɪ__a_ŋ_ɡ_əl]\
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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.