TRANSPARENT AREA
\tɹanspˈaɹənt ˈe͡əɹi͡ə], \tɹanspˈaɹənt ˈeəɹiə], \t_ɹ_a_n_s_p_ˈa_ɹ_ə_n_t ˈeə_ɹ_iə]\
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.