loss limitation
Definition
Used in retrospective rating formulas. Designed to limit the amount of catastrophic losses that would usually be reported in full while calculating the final premium.
Related Articles
- Is Inflation Really Good for the Economy? *
- Benefits and Risks Associated with Bonds *
- Tax Implications of Different Types of Investments *
- Corporate Bonds *
- Investing In Costa Rican Property *
- What Are The Most Commonly Traded Commodities? *
- Difference between spot and futures in Forex *
- Bond Mutual Funds *
Related Videos
http://www.businessdictionary.com/definition/loss-limitation.html
