LESTAGEFRY
\lˈɛste͡ɪd͡ʒˌɛfɹi], \lˈɛsteɪdʒˌɛfɹi], \l_ˈɛ_s_t_eɪ_dʒ_ˌɛ_f_ɹ_i]\
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.