TRANSPARENCE
\tɹanspˈaɹəns], \tɹanspˈaɹəns], \t_ɹ_a_n_s_p_ˈa_ɹ_ə_n_s]\
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By Princeton University
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.