What is the definition of Passive retention? | Dictionary.net

PASSIVE RETENTION

\pˈasɪv ɹɪtˈɛnʃən], \pˈasɪv ɹɪtˈɛnʃən], \p_ˈa_s_ɪ_v ɹ_ɪ_t_ˈɛ_n_ʃ_ə_n]\

Definitions of PASSIVE RETENTION

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

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When a company unexpectedly retains risk leading to losses. This usually occurs when they are not properly managing their reserves or self insurance. Refer to retention and risk retention

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

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