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loss ratio

noun

Definition of loss ratio

  1. :  the ratio between insurance losses incurred and premiums earned during a given period

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First Known Use of loss ratio

1926

Law Dictionary

loss ratio

noun loss ra·tio \-ˈrā-ˌshō, -ˈrā-shē-ˌō\

Legal Definition of loss ratio

  1. :  the ratio between insurance losses incurred and premiums earned during a given period

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