Retroactive Rate Reduction

Retroactive Rate Reduction,

What is The Meaning of Retroactive Rate Reduction?

  1. The reduction in the previous price is a reduction in the premium rate applicable to the premium already paid. This is usually in the form of a cash repayment or a specific loan amount that can be used for future premium payments.

Literal Meanings of Retroactive Rate Reduction

Retroactive:

Meanings of Retroactive:
  1. (In some legal provisions) that came into force earlier.

Sentences of Retroactive
  1. Big increase in taxes

Synonyms of Retroactive

retroactive, ex post facto, backdated, backward-looking

Rate:

Meanings of Rate:
  1. Size, quantity, or frequency are usually measured in terms of another quantity or measure.

  2. Pay a fixed price or charge something for something, especially good or service.

Synonyms of Rate

hold to be, put a value on, tariff, evaluate, cost, adjudge, outlay, deem to be, judge to be, amount, compute, find to be, judge, calculate, reckon to be, fare, price, figure, consider to be, appraise

Reduction:

Meanings of Reduction:
  1. The act or process of making someone smaller or smaller in number, degree or size.

  2. Something that is getting smaller in size or quantity.

  3. Measure the repair of dislocations or fractures after the affected part of the body has returned to normal.

  4. The process or consequences of reduction or reduction.

  5. Changing sounds that require less muscle power to express.

Sentences of Reduction
  1. Disarmament talks

  2. Check if the fracture needs to be reduced

  3. The reaction is limited to hydrocarbon reduction

  4. The process of reducing the head

Synonyms of Reduction

trimming, cutting, chopping, cut, pruning, depletion, scaling down, cutback, limiting, curtailment, slimming down, axing, slimming