RADIANT MATTER
\ɹˈe͡ɪdi͡ənt mˈatə], \ɹˈeɪdiənt mˈatə], \ɹ_ˈeɪ_d_iə_n_t m_ˈa_t_ə]\
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.