TONALITE

\tˈə͡ʊnəlˌa͡ɪt], \tˈə‍ʊnəlˌa‍ɪt], \t_ˈəʊ_n_ə_l_ˌaɪ_t]\
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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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