STATIVE

\stˈatɪv], \stˈatɪv], \s_t_ˈa_t_ɪ_v]\
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2006 - WordNet 3.0
By Princeton University
 
1914 - Nuttall's Standard dictionary of the English language
By Nuttall, P.Austin.

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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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