loss constant

noun

Definition of loss constant

: an amount added to an insurance premium (as in a workmen's compensation policy) in consideration of the high loss ratio usually sustained on small risks

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Learn More About loss constant

Dictionary Entries Near loss constant

loss-and-gain account

loss constant

Lossen rearrangement

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Cite this Entry

“Loss constant.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/loss%20constant. Accessed 18 Sep. 2021.

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