PROVISION FOR CREDIT LOSSES

\pɹəvˈɪʒən fɔː kɹˈɛdɪt lˈɒsɪz], \pɹəvˈɪʒən fɔː kɹˈɛdɪt lˈɒsɪz], \p_ɹ_ə_v_ˈɪ_ʒ_ə_n f_ɔː k_ɹ_ˈɛ_d_ɪ_t l_ˈɒ_s_ɪ_z]\

Definitions of PROVISION FOR CREDIT LOSSES

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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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