Webster's Online Dictionary
with Multilingual Thesaurus Translation

 
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Specialty Expressions: INCURRED LOSS

ExpressionsDomainDefinition
Incurred lossInsuranceA loss which arises during an insurance period whether paid or not. Source: European Union. (references)
Incurred loss ratioInsuranceThe percentage of losses as related to premiums earned. Source: European Union. (references)

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

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