Small Loss Principle,
Definition of Small Loss Principle:
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
Meanings of Small:
In small pieces
Normal or smaller than normal size.
Small clothes, especially underwear.
Indicators or small gifts in the form of money.
Sentences of Small
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
Sentences of Loss
Avoid wasting time
Synonyms of Loss
misplacement, overlooking, mislaying, forgetting, dropping
Meanings of Principle:
A basic truth or statement that serves as the basis of a system of beliefs or practices or a chain of reasoning.
General scientific theories or laws that have many special uses in a wide field.
The source or basic basis of something.
Sentences of Principle
Fundamentals of Christianity
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