merit rating

noun

Definition of merit rating

1 : computation of an insurance premium for a particular risk on the basis of its individual loss-causing characteristics — see experience rating
2 : the rating of an employee by systematic evaluation of his proficiency in a job

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Learn More About merit rating

Dictionary Entries Near merit rating

meritorious consideration

merit rating

merit system

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Cite this Entry

“Merit rating.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/merit%20rating. Accessed 8 Dec. 2021.

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