TOMUNDAR

\tˈɒmʌndə], \tˈɒmʌndə], \t_ˈɒ_m_ʌ_n_d_ə]\
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1908 - Chambers's Twentieth Century Dictionary of the English Language
By Thomas Davidson

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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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