retention

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:retention
Hungarian translation:veszteség kockázatának vállalása
Entered by: Péter Tófalvi

20:26 Jul 20, 2016
This question was closed without grading. Reason: Answer found elsewhere

English to Hungarian translations [PRO]
Bus/Financial - Insurance
English term or phrase: retention
...current and past insurance policies and self-insurance plans, including schedule of broker, limits, retentions and coverage basis for each.

https://www.irmi.com/online/insurance-glossary/terms/r/reten...
„retention:
(1) Assumption of risk of loss by means of noninsurance, self-insurance, or deductibles. Retention can be intentional or, when exposures are not identified, unintentional.
(2) In reinsurance, the net amount of risk the ceding company keeps for its own account. See also Self-insured retention.”

Tipp: önrész
Péter Tófalvi
Hungary
Local time: 18:39



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