COINSURANCE (REDUCED RATE CONTRIBUTION),
What Does COINSURANCE (REDUCED RATE CONTRIBUTION) Mean?
You can define COINSURANCE (REDUCED RATE CONTRIBUTION) as, The contract under which the insured insures a sum insured equal to a percentage of the total value of the property, in exchange for a reduction in the insurance rate. Example: The cost of a building is $ 10,000 and 80 urance six insurance rates are agreed upon. By accepting this fee, the policyholder agrees to take out insurance for a minimum of 000 8,000. We say you only have $ 6,000 in insurance and you lose $ 4,000. Since you only have 75% of the agreed amount, you will have co-insurance for losses up to 25%, with the company paying only 75% of the loss. 4,000. Read it again You should find out by reading the fourth or fifth.
Literal Meanings of COINSURANCE (REDUCED RATE CONTRIBUTION)
Meanings of RATE:
A measure, quantity or frequency that is usually measured in relation to another quantity or unit of measure.
The speed at which something moves, happens or changes.
The fee or payment amount is expressed as a percentage of another amount or as the basis of the calculation.
A property and property tax is paid to local governments (in the UK) through business and former residential private property.
Set a pattern or value for a particular scale (object).
(A team) Define standard, ideal, or limited classification
Estimate (asset) value for local tax collection.
Think of it as a particular quality, standard or area.
Consider several ways.
Sentences of RATE
However, the extent of their crimes, however attempted, varies widely.
Although the theoretical model constantly demands Yao's rate, the measured speed is very dynamic.
Rotation is a measure of the local geometry of a surface, while the rate of tension measures the rate of expansion relative to it.
Therefore, results use percentage reporting rates instead of standard deviations.
The rate of variability was measured as the number of nucleotide substitutes per site and each generation.
Violent crime detection rates have risen from 13,000 to 15,500.
In the first quarter, the club reduced its annual turnover rate by 3%.
Food prices played a key role in determining headline inflation in the fourth quarter of 2002.
The daily dialysis group was 46% lower than conventional treatment with 28%.
Synonyms of RATE
velocity, ratio, be worth, calculate, deserve, gauge, weigh up, judge to be, measure, proportion, have a right to, warrant, hire, be entitled to, judge, adjudge, outlay, price, hold to be, compute, have a claim to, tempo, be worthy of, evaluate, reckon to be, pace, cost, amount
Meanings of CONTRIBUTION:
Mutual fund or fundraising or payment.
The role of someone or someone in getting the result or advancing something.
The collection featured articles or other articles for publication.
Sentences of CONTRIBUTION
Remember that there is a special collection box on each roof for donations to retirement funds.
The organization is voluntary and fully responds to fundraising.
The center will be funded through developer partnerships and additional lottery donations.
The members decided to use the money raised to make two donations to charities.
You now have nearly six years to complete your personal retirement provision with additional voluntary contributions.
Unless they are affiliated with a mosque, they rely on voluntary donations, school fees and free meals.
The survey found a sharp increase in the share of direct payments in agricultural income.
If the deficit is wide, as a business, we should increase our contribution to these funds.
Individual financial support covers office and printing costs.
Synonyms of CONTRIBUTION
a few paragraphs, present, benefaction, gift, chapter, involvement in, essay, piece, offering, a few words, participation in, item, story, handout, paper