LESTAGE, LASTAGE

\lˈɛste͡ɪd͡ʒ], \lˈɛste‍ɪd‍ʒ], \l_ˈɛ_s_t_eɪ_dʒ]\

Definitions of LESTAGE, LASTAGE

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1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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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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