Webster's Online Dictionary
with Multilingual Thesaurus Translation

 
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Specialty Expressions: EARNED-INCURRED BASIS

ExpressionsDomainDefinition
Earned-incurred basisInsuranceThe method of calculation of an insurer's loss ratio by comparison of the premiums earned in a period with the estimated cost of claims arising during the period. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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