loss ratio

loss ratio

noun Insurance.
the ratio of the losses paid or accrued by an insurer to premiums earned, usually for a period of one year.

Origin:
1925–30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Loss ratio is always a great word to know.
So is doohickey. Does it mean:
a gadget; dingus; thingumbob.
a stew of meat, vegetables, potatoes, etc.
Collins
World English Dictionary
loss ratio
 
n
the ratio of the annual losses sustained to the premiums received by an insurance company

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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