Small Loss Principle

Small Loss Principle,

Definition of Small Loss Principle:

  1. The principle of low loss is the principle of insurance where the insured considers the risk to be of low intensity and is not catastrophic. This principle can be absorbed without having a significant impact on the financial structure of an individual or a company. Reflects the premium paid by the policyholder, including business expenses and emergencies.

Literal Meanings of Small Loss Principle

Small:

Meanings of Small:
  1. In small pieces

  2. Normal or smaller than normal size.

  3. Meaningless, meaningless.

  4. Small clothes, especially underwear.

  5. Indicators or small gifts in the form of money.

Sentences of Small
  1. The room is small and quiet

Synonyms of Small

little extra, trifling, inappreciable, inconsiderable, inconsequential, unimportant, paltry, small-scale, baksheesh, slight, gratuity, infinitesimal, bijou, inducement, compact, bit extra, bonus, trivial, little, negligible, nugatory, gift, minor, insignificant, present, reward

Loss:

Sentences of Loss
  1. Avoid wasting time

Synonyms of Loss

misplacement, overlooking, mislaying, forgetting, dropping

Principle:

Meanings of Principle:
  1. A basic truth or statement that serves as the basis of a system of beliefs or practices or a chain of reasoning.

  2. General scientific theories or laws that have many special uses in a wide field.

  3. The source or basic basis of something.

Sentences of Principle
  1. Fundamentals of Christianity

  2. Physics has a great advantage here, because the ability to draw interesting conclusions from general principles is found earlier in physics than in other sciences.

Synonyms of Principle

theory, idea, truth, concept, proposition, postulate

Small Loss Principle,

Small Loss Principle Meanings:

  • The principle of low loss is the principle of insurance in which the insured accepts the risk with low intensity and is not destructive. This principle can be absorbed without having a significant impact on the financial structure of an individual or a company. The premium paid by the policyholder reflects the expected loss, including business expenses and emergencies.

Literal Meanings of Small Loss Principle

Small:

Meanings of Small:
  1. Unimportant unimportant

  2. A tip or a small cash gift.

Sentences of Small
  1. This is a small point

  2. Cut the okra into small pieces.

Synonyms of Small

ungenerous, miniature, boxy, ickle, short, with no room to swing a cat, teeny-weeny, stunted, vest-pocket, diminutive, homuncular, stingy, little-bitty, weeny, measly, Lilliputian, minuscule, teensy, itty-bitty, half-pint, slightly built, dwarf, nanoscopic, dinky, piffling, pint-sized, itsy-bitsy, titchy, squat

Loss:

Meanings of Loss:
  1. The fact or action of losing something or someone.

Synonyms of Loss

erosion, disappearance, reduction, dissipation, squandering, deprivation, waste, privation, depletion, forfeiture, diminution, impoverishment, losing

Principle:

Meanings of Principle:
  1. A general scientific phrase or law that has many specific uses in a wide field.

  2. The source or basis of something.

Sentences of Principle
  1. The first principle of everything is water.

Synonyms of Principle

essential, fundamental, assumption, basis, philosophy, essence